Pure Industrial Real Estate Trust Announces Closing of $34.7 Million Bought Deal
10 Settembre 2012 - 2:46AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ VANCOUVER, Sept. 12, 2012 /CNW/
- Pure Industrial Real Estate Trust ("PIRET") today announced the
closing of its previously announced public offering (the
"Offering") of 7,015,000 trust units ("Units") (inclusive of
915,000 Units issued pursuant to the exercise in full of the
over-allotment option), on a bought deal basis, at a price of $4.95
per Unit for total gross proceeds of $34,724,250. The
Offering was conducted through a syndicate of underwriters led by
Canaccord Genuity Corp. and Dundee Securities Ltd., as co-lead
underwriters, and including RBC Dominion Securities Inc., National
Bank Financial Inc., CIBC World Markets Inc., Raymond James Ltd.,
Scotia Capital Inc., HSBC Securities (Canada) Inc., GMP Securities
L.P., Macquarie Capital Markets Canada Ltd., Sora Group Wealth
Advisors Inc., and Union Securities Ltd. (the "Underwriters").
PIRET intends to use the net proceeds from the Offering to fund
acquisitions and for general working capital purposes. PIRET's
units are listed on the TSX Venture Exchange under the symbol
AAR.UN. PIRET now has 73,403,154 Units issued and
outstanding. About Pure Industrial Real Estate Trust (PIRET) PIRET
is an unincorporated, open-ended investment trust established for
the purposes of acquiring, owning and operating a diversified
portfolio of income-producing industrial properties in primary
markets across Canada. PIRET focuses exclusively on investing
in industrial properties and is the only publicly traded vehicle in
Canada that offers investors exclusive exposure to Canada's
industrial asset class. Additional information about PIRET is
available at www.piret.ca or www.sedar.com. Forward-Looking
Information: Certain statements contained in this press release may
constitute forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"anticipate", "plan", "expect", "may", "will", "intend", "should",
and similar expressions. These statements involve known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements. Forward-looking statements in this
news release include that PIRET intends to use the net proceeds
from the Offering and the over-allotment option to fund
acquisitions and for general working capital purposes. The
forward-looking statements contained in this news release are based
on certain key expectations and assumptions made by PIRET,
including: expectations and assumptions concerning receipt of
required regulatory approvals and the satisfaction of other
conditions to the completion of the property acquistions. Although
PIRET believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance
should not be placed on the forward-looking statements because
PIRET can give no assurance that they will prove to be correct.
Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These
include, but are not limited to, the failure to obtain necessary
regulatory approvals or satisfy the conditions to closing the
property acquisitions, competitive factors in the industries in
which PIRET operates, prevailing economic conditions, and other
factors, many of which are beyond the control of the PIRET. The
forward-looking statements contained in this press release
represent PIRET's expectations as of the date hereof, and are
subject to change after such date. PIRET disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise,
except as required under applicable securities regulations. NEITHER
THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (as
that term is defined in the policies of the TSX Venture Exchange)
HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR THE
ACCURACY OF THIS RELEASE. Pure Industrial Real Estate Trust (PIRET)
CONTACT: Andrew Greig,Director of Investor RelationsPure Industrial
Real Estate Trust (PIRET)Suite 910, 925 West Georgia
StreetVancouver, BC V6C 3L2Phone: (604) 681-5959 or (888)
681-5959E-mail: agreig@piret.cawww.piret.caTSX Venture Exchange -
AAR.UN
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