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ViveRe Communities Announces Common Share Offering
ViveRe Communities Announces Common Share Offering Canada NewsWire HA...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n \n \n \n ViveRe Communities Announces Common Share Offering\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n HALIFAX, NS\n \n ,\n \n April 12, 2021\n \n /CNW/ -\n \n ViveRE Communities Inc.\n \n (TSXV: VCOM)\n \n \n (\"ViveRE\" or the \"Company\") announced today that it is undertaking a non-brokered private placement of common shares of the Company (the \"Shares\") in the minimum amount of\n \n $2,500,000\n \n and up to\n \n $5,000,000\n \n (the \"Offering\").\n \n \n \n \n \n \n \n \n \n The Offering shall consist of a minimum of 12,500,000 Shares and a maximum of 25,000,000 Shares at a price of\n \n $0.20\n \n per Common Share.\n \n \n The net proceeds from the Offering will be used to fund targeted acquisitions of premium multi-unit properties and for general corporate purposes.\n \n \n The Offering is subject to the approval of the TSX Venture Exchange and is expected to close on or about\n \n April 30, 2021\n \n .\n \n \n Canaccord Genuity, Cormark Securities Inc., Desjardins Capital Markets and Echelon Wealth Partners Inc. are acting as financial advisors to the Company and may receive a finder's fee in respect of certain orders. This compensation will be comprised of a 6.0% cash fee of the proceeds from subscribers introduced by finders.\n \n \n \n Company\n \n \n \n ViveRE continues to execute its plan to acquire recently built or refurbished, highly leased multi-residential properties in bedroom communities across\n \n Canada\n \n . The Company aims to satisfy the needs of the newly emerging 55+ resident. The demographic that has changed the world is now changing the way residential rental apartments cater to their requirements. Their desire for community, along with service, quality and convenience has led to the emergence of the 55+ active living segment. \"Apartments\" are the next home, after years of owning they look forward to the carefree lifestyle provided through renting in a community of their peers. ViveRE intends to consolidate this emerging market niche. The company currently owns 533 units in\n \n New...