Imperial Equities Inc. announces bid to purchase shares.

About this update from Imperial Equities Inc.

[{"type":"text","content":"\n\n\n\n\n\nEDMONTON, Aug. 24, 2012 /CNW/ - Imperial Equities Inc. (TSX-V:IEI) today\n announced that it intends to make a Normal Course Issuer Bid through\n the facilities of and in accordance to the by-laws and rules of the\n Toronto Venture Exchange.\n\n\nImperial Equities Inc. currently has 9,451,542 outstanding common\n shares. The bid will allow Imperial to purchase up to 472,577 common\n shares, representing 5% of those outstanding. The bid will commence\n August 24, 2012 and terminate August 23, 2013, or earlier if the bid is\n complete. Purchases pursuant to the bid will be made through Macquarie\n Private Wealth.\n\n\nImperial's management team believes that the current share price does\n not reflect the real value of the company. \"Imperial Equities shares\n have been trading thinly and at values less than breakup, despite the\n fact that real estate prices are at an all time high. It is cheaper to\n buy the stock that holds the property than it is to buy the property\"\n said Sine Chadi, President and CEO of Imperial Equities.\n\n\nImperial Equities Inc. will purchase the common shares for cancellation\n which ultimately will result in increasing the proportionate interest\n of all remaining shareholders.\n\n\nAbout Imperial Equities Inc.:\n\n\nImperial Equities Inc. Is based in Edmonton, Alberta. A diversified\n company anchored by commercial and industrial real estate properties in\n its targeted Edmonton and Alberta markets. Imperial also distributes\n pharmaceutical products to the institutional and retail customers\n through its wholly owned subsidiary, Imperial Distributors Canada Inc.\n Additional information is available at: www.imperialequities.com\n\n\nImperial's common shares are listed on the TSX Venture Exchange under\n symbol IEI.\n\n\nNeither TSX Venture nor its Regulation Services Provider accepts\n responsibility for the adequacy or accuracy of this release.\n\nSOURCE: Imperial Equities Inc.\n\n\n Sine Chadi, CEO Imperial Equities Inc. Phone: 780 424-7227 Email: [email protected] \n","length":2360,"tagName":"div"}]

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