By Sheri Kasprzak
New York, Jan. 12 - Huntingdon Real Estate Investment Trust priced a private placement for up to C$10,000,080.
The company plans to sell up to 4,166,700 trust units at C$2.40 each.
Desjardins Securities Inc. is the agent for the deal, which is set to close Jan. 17.
Proceeds will be used for property acquisitions and general corporate purposes.
Based in Winnipeg, Man., Huntingdon is a real estate investment trust focused on commercial and industrial properties.
| Issuer: | Huntingdon Real Estate Investment Trust
|
| Issue: | Trust units
|
| Amount: | C$10,000,080
|
| Units: | 4,166,700
|
| Price: | C$2.40
|
| Warrants: | No
|
| Placement agent: | Desjardins Securities Inc.
|
| Pricing date: | Jan. 12
|
| Settlement date: | Jan. 17
|
| Stock symbol: | Toronto: HNT
|
| Stock price: | C$2.40 at close Jan. 12
|
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