New Issue: Homburg Invest arranges C$5.04 million private placement of stock

By Sheri Kasprzak

New York, Oct. 17 - Homburg Invest Inc. said it has priced a C$5,038,750 private placement.

The company plans to sell 1,007,750 class A subordinated voting shares at C$5.00 each to a Canadian investment firm.

Proceeds will be used for working capital.

Based in Halifax, N.S., Homburg owns and develops a portfolio of commercial, retail and residential real estate.

Issuer:	Homburg Invest Inc.
Issue:	Class A subordinated voting shares
Amount:	C$5,038,750
Shares:	1,007,750
Price:	C$5.00
Warrants:	No
Pricing date:	Oct. 17
Stock price:	C$4.30 at close Oct. 14

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