Offering is expected to fund working capital purposes and acquisitions
By Devika Patel
Knoxville, Tenn., June 13 – Fronsac Real Estate Investment Trust said it plans a C$5 million private placement of units.
The company will sell the units at C$0.39 per unit, a 17.02% discount to the June 10 closing share price of C$0.47.
Proceeds will be used for acquisitions and working capital purposes.
The real estate investment trust is based in Saint-Jean-Baptiste, Quebec.
| Issuer: | Fronsac Real Estate Investment Trust
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| Issue: | Units
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| Amount: | C$5 million
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| Units: | 11,718,750
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| Price: | C$0.39
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| Warrants: | No
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| Pricing date: | June 13
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| Stock price: | C$0.47 at close June 10
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