By Sheri Kasprzak
New York, May 3 - BTB Real Estate Investment Trust priced a C$40 million private placement of trust units.
The offering includes up to 15,686,274 units at $2.55 each.
The deal is being placed through a syndicate led by Blackmont Capital Inc. and including National Bank Financial Inc., Dundee Securities Corp. and Genuity Capital Markets. The agents have a greenshoe for up to 15% of the offering size.
Proceeds will be used for the acquisition of income-producing properties, for working capital and for general corporate purposes.
Montreal-based BTB is a real estate investment trust.
| Issuer: | BTB Real Estate Investment Trust
|
| Issue: | Trust units
|
| Amount: | C$40 million
|
| Greenshoe: | For up to 15% of offering size
|
| Trust units: | 15,686,274
|
| Price: | $2.55
|
| Warrants: | No
|
| Placement agents: | Blackmont Capital Inc. (lead), National Bank Financial Inc., Dundee Securities Corp., Genuity Capital Markets
|
| Pricing date: | May 3
|
| Stock symbol: | TSX Venture: BTB.UN
|
| Stock price: | C$2.67 at close May 3
|
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