Business
InterRent International Properties Inc. Proposes to Extend Expiry Date of its Warrants
InterRent International Properties Inc. Proposes to Extend Expiry Date of its Warrants.
About this update from Interrent Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\n\nTSX - Venture-IIP\n\nTORONTO, Dec. 2 /CNW/ - InterRent International Properties Inc.\n(\"InterRent\" or the \"Company\"), today announced that it has filed an\napplication with the TSX Venture Exchange to amend the expiry date of\n8,000,000 warrants from December 16, 2005 to May 30, 2006. The exercise price\nof the warrants will remain at $0.60 per share.\nThe warrants were issued on December 16, 2004 pursuant to the Company's\nprivate placement offering of 16,000,000 units. Each unit is comprised of one\ncommon share and one-half of one common share purchase warrant. For complete\ndetails of the private placement offering, please refer to the Company's press\nrelease dated December 16, 2004.\nInterRent is a rapidly expanding, growth oriented real estate company\nengaged in building shareholder value through the acquisition, ownership and\noperation of strategically located income producing multi-residential real\nestate, with 1,151 apartment suites under ownership.\n\nCertain information in this press release may contain forward-looking\nstatements. This information is based on current expectations that are subject\nto significant risks and uncertainties that are difficult to predict. Actual\nresults might differ materially from results suggested in any forward-looking\nstatements. The Company assumes no obligation to update the forward-looking\nstatements, or to update the reasons why actual results could differ from\nthose reflected in the forward looking-statements unless and until required by\nsecurities laws applicable to the Company. Additional information identifying\nrisks and uncertainties is contained in the Company's filings with the\nCanadian securities regulators, which filings are available at www.sedar.com.\n\n The TSX Venture Exchange has not reviewed and does not accept\n responsibility for the adequacy or accuracy of this release.\n%SEDAR: 00010579E\n\n\n","length":1956,"tagName":"div"}]