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PROREIT completes $57.6 million equity offering including full exercise of over-allotment option
PROREIT completes $57.6 million equity offering including full exercise of over-allotment ...
About this update from Pro Real Estate Investment Trust
[{"type":"text","content":"\n\n\n\nPROREIT completes $57.6 million equity offering including full exercise of over-allotment option\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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP:0pt solid; BORDER-RIGHT:0pt solid; BORDER-COLLAPSE: COLLAPSE; BORDER-BOTTOM:0pt solid; BORDER-LEFT:0pt solid\n}\n\n\n\n\n\n\n\nCanada NewsWire\nMONTRÉAL, Aug. 16, 2019\n\n\n\n/NOT FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION THROUGH UNITED STATES NEWS OR WIRE SERVICES./\n MONTRÉAL, Aug. 16, 2019 /CNW Telbec/ - PRO Real Estate Investment Trust (\"PROREIT\" or the \"REIT\") (TSX: PRV.UN) is pleased to announce the closing of its previously announced public offering of trust units of the REIT (the \"Units\") on a bought deal basis (the \"Offering\").  Pursuant to the Offering, the REIT issued 8,222,500 Units at a price of $7.00 per Unit for total gross proceeds of $57,557,500, including 1,072,500 Units issued pursuant to the full exercise of the over-allotment option.\nThe Offering was conducted through a syndicate of underwriters including TD Securities Inc. and Scotiabank as joint bookrunners and Canaccord Genuity Corp., collectively as co-lead underwriters, as well as BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial Inc., Haywood Securities Inc., Industrial Alliance Securities Inc., Raymond James Ltd., Laurentian Bank Securities Inc. and Leede Jones Gable Inc. \nThe Units were issued pursuant to a prospectus supplement dated August 9, 2019 (the \"Prospectus Supplement\") to the REIT's base shelf prospectus dated July 5, 2019 (the \"Base Shelf Prospectus\"), filed with securities regulatory authorities in all provinces and territories of Canada. A copy of the Prospectus Supplement and the Base Shelf Prospectus is available under the REIT's profile on SEDAR at www.sedar.com. \nThe REIT intends to use the net proceeds from the Offering to partially fund the Acq...