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ViveRE Communities Announces Public Offering of Common Shares To Fund Four Recently Announced Acquisitions, Institutes Quarterly Dividend
ViveRE Communities Announces Public Offering of Common Shares To Fund Four Recently Annou...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n \n \n \n ViveRE Communities Announces Public Offering of Common Shares To Fund Four Recently Announced Acquisitions, Institutes Quarterly Dividend\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n HALIFAX, NS, Nov. 16, 2020\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR\n \n DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n Continue to assemble a high quality portfolio of 55+ active-living properties\n \n \n 19 buildings, over 530 units post completion of the new acquisitions\n \n \n Strong acquisition pipeline of new product in 2021\n \n \n Partnering with market leading third-party service providers to add incremental revenue\n \n \n \n \n HALIFAX, NS\n \n ,\n \n Nov. 16, 2020\n \n /CNW/ - ViveRE Communities Inc. (TSX.V: VCOM) (\"\n \n ViveRE\n \n \" or the \"\n \n Company\n \n \") announced today that it has entered into an engagement agreement with Echelon Wealth Partners Inc. as co-lead agent and sole bookrunner for a syndicate of agents (the \"\n \n Agents\n \n \"), and has filed a preliminary short form prospectus with the securities regulatory authorities in the provinces of\n \n Nova Scotia\n \n ,\n \n New Brunswick\n \n ,\n \n Newfoundland\n \n and\n \n Labrador\n \n ,\n \n Ontario\n \n ,\n \n Manitoba\n \n ,\n \n Saskatchewan\n \n ,\n \n Alberta\n \n ,\n \n British Columbia\n \n and\n \n Prince Edward Island\n \n , pursuant to which the Company has agreed to issue, and the Agent has agreed to sell, on a \"commercially reasonable best efforts\" basis (the \"\n \n Offering\n \n \"), up to\n \n $7,500,000\n \n of common shares (the \"\n \n Shares\n \n ). The syndicate of Agents includes Canaccord Genuity Corp. as co-lead and Laurentian Bank Securities Inc.\n \n \n \n \n \n \n \n \n \n The Company has also agreed to grant the Agents an option (the \"\n \n Over-Allotment Option\n \n \"), exercisable in whole or in part at the sole discretion of the Agents, any time not later than the 30th day following the Closing Date (as defined be...