Published on 6/21/2007 in the Prospect News PIPE Daily.
New Issue: Charter Real Estate wraps C$3 million placement of trust units
By Laura Lutz
Des Moines, June 21 - Charter Real Estate Investment Trust settled its previously announced private placement of trust units for C$3,001,050.
The company sold 741,000 trust units at C$4.05 each.
Proceeds will be used for acquisitions that are being negotiated and for working capital.
Toronto-based Charter is a real estate investment trust focused on retail properties.
| Issuer: | Charter Real Estate Investment Trust
|
| Issue: | Trust units
|
| Amount: | C$3,001,050
|
| Units: | 741,000
|
| Price: | C$4.05
|
| Warrants: | No
|
| Announcement date: | June 1
|
| Settlement date: | June 21
|
| Stock symbol: | TSX Venture: CRH.UN
|
| Stock price: | C$4.75 at close June 1
|
| Stock price: | C$4.75 at close June 21
|
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