Pure Industrial Real Estate Trust announces closing of $31.5 million bought deal
28 Fevereiro 2012 - 8:55AM
PR Newswire (Canada)
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/ VANCOUVER, March 1, 2012 /CNW/
- Pure Industrial Real Estate Trust ("PIRET") announced today the
closing of its previously announced public offering (the
"Offering") of 7,000,000 trust units ("Units"), on a bought deal
basis, at a price of $4.50 per Unit for total gross proceeds of
$31,500,000. 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., CIBC World Markets Inc., National Bank Financial
Inc., Raymond James Ltd., HSBC Securities (Canada) Inc., GMP
Securities L.P., Macquarie Capital Markets Canada Ltd., Sora Group
Wealth Advisors Inc., and Union Securities Ltd. PIRET has also
granted to the Underwriters an over-allotment option, exercisable
in whole or in part, at the discretion of the Underwriters, for a
period of 30 days from the closing of the Offering, to purchase up
to an additional 1,050,000 Units on the same terms and conditions.
PIRET intends to use the net proceeds from the Offering to fund
prospective acquisitions of income producing industrial properties
and for general working capital purposes. PIRET's units are listed
on the TSX Venture Exchange under the symbol AAR.UN. PIRET now has
65,703,903 units issued and outstanding. For more information on
PIRET, visit our website at www.piret.ca. About Pure Industrial
Real Estate Trust 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. TSX
Venture Exchange - AAR.UN Forward-Looking Information: Certain
statements contained in this news 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. 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 and
use of proceeds from the Financing. 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 Financing, competitive factors in the industries in
which PIRET operates, prevailing economic conditions, and other
factors, many of which are beyond the control of PIRET. The
forward-looking statements contained in this news 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. NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. 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.ca
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