InterRent to price private placement of convertibles for up to C$5 million

By Sheri Kasprzak

New York, Aug. 23 - InterRent International Properties Inc. said it plans to raise up to C$5 million in a private placement of convertible debentures.

The pricing and terms of the offering will be determined at a later time, according to a statement from InterRent.

Canaccord Capital Corp. is the placement agent.

The proceeds from the deal, which is expected to close Sept. 19, will be used to acquire 221 apartment suites and to buy additional multi-residential apartment properties.

Based in Toronto, InterRent is a real estate company focused on residential properties.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.