GAZ.UN Fronsac Capital Reit Units

Fronsac Real Estate Investment Trust ("Fronsac" or the "Trust") (TSX
VENTURE:GAZ.UN), is pleased to announce the conclusion today of a private
placement with investors pursuant to exemptions under Regulation Respecting
Prospectus and Registration Exemptions for a gross proceeds of 1,6 M$ and the
issuance of 6,400,000 units of the Trust at $0.25 per unit. 


"We are very pleased to have closed this financing and we will continue our
search for interesting real estate properties in order to increase our real
estate portfolio. This financing will allow Fronsac to reduce significantly the
long term debt of the Trust", said Michel Lassonde, President and CEO of the
Trust. 


All the units issued to purchasers under the private placement are subject to a
four months hold period from the closing date, i.e. until April 24, 2012
pursuant to securities legislation and the policies of the TSX Venture Exchange.
The units offered have not been nor will they be registered under the United
States Securities Act of 1933, as amended, or state securities laws, and may not
be offered or sold in the United States or to an account for the benefit of US
persons, absent such registration or an exemption from registration. 


Two insiders participated in the private placement subscribing for 300,000 units
in consideration for a purchase price of $ 75,000, which subscriptions
represents 4 % of the private placement.


About Fronsac

Fronsac is an open-ended trust engaged in the acquisition of commercial real
estate located along highways and important roads and used exclusively for the
operation of fast food restaurants, convenience stores and gas stations.


Forward-Looking Statements

This press release contains forward-looking statements and information within
the meaning of applicable securities legislation, including statements about
Fronsac and management's expectations. There can be no assurances that the
events related to such forward-looking statements will occur or that the
anticipated benefits will be realized. Fronsac cautions the reader that actual
events may differ considerably from current expectations, considering such know
and unknown risks, uncertainties and other factors which may cause actual
results to differ materially from results anticipated in such forward-looking
statements. Such factors include, but are not limited to, risks related to
factors outside of Fronsac's control, as well as other risks and factors
described from time to time in the documents filed by Fronsac with the
securities regulators, including management's discussion and analysis. Fronsac
disclaims any intention or undertaking to update or revise any forward-looking
statements even as a result of future events or otherwise, except as required by
applicable law.

Fronsac Real Estate Investment (TSXV:GAZ.UN)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Fronsac Real Estate Investment (TSXV:GAZ.UN)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024