Business
Edgefront Realty Corp. provides further update on purchase of 10 industrial properties from RTL-Westcan Limited Partnership and annual and special shareholder meeting
TORONTO , Dec. 30, 2013 /CNW/ - Edgefront Realty Corp. (" Edgefront " or the " Company "...
About this update from Nexus Industrial Reit
[{"type":"text","content":"\n\n\nTORONTO, Dec. 30, 2013 /CNW/ - Edgefront Realty Corp. (\"Edgefront\" or the \"Company\") (TSXV: ED) is pleased to provide an update on its agreement,\n previously announced on November 1, 2013, to purchase a portfolio of 10\n industrial properties located in Alberta, Saskatchewan, British\n Columbia and the Northwest Territories which will be a Reverse Takeover\n (as that term is defined in TSXV Policy 5.2) (the \"Transaction\").\n\n\nOn December 5, 2013, Edgefront mailed its management information\n circular (the \"Circular\") in connection with the annual and special meeting of shareholders to\n be held on January 6, 2014 (the \"Meeting\") regarding the Transaction. Edgefront has also received comments from\n the (\"TSXV\") on documentation submitted in furtherance of its application for\n conditional approval.  Edgefront expects closing of the Transaction\n will occur on or about January 10, 2013.\n\n\nAbout Edgefront\n\n\nEdgefront is a growth oriented real estate company focused on increasing\n shareholder value through the acquisition, ownership and management of\n industrial properties located in primary and secondary markets in North\n America, with an initial focus on Western Canada.  It is the intention\n of Edgefront to expand its business of purchasing, owning and operating\n real estate assets and to convert into a real estate investment trust\n having an external asset management structure, subject to receipt of\n all necessary approvals, including that of the TSXV.\n\n\nCautions Regarding Future Plans and Forward Looking Information\n\n\nCompletion of the proposed transaction is subject to a number of\n conditions, including TSXV acceptance and shareholder approval.  The\n transaction cannot close until the required shareholder approval is\n obtained.  There can be no assurance that the transaction will be\n completed as proposed or at all.\n\n\nInvestors are cautioned that, except as disclosed in the management\n information circular to be prepared in connection with the transaction,\n any information released or received with respect to the proposed\n transaction may not be accurate or complete and should not be relied\n upon.  Trading in the securities of Edgefront should be considered\n highly speculative.\n\n\nThe TSXV has in no way passed upon the merits of the proposed\n trans...