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Trius Investments Inc. Announces Sale of Long-term Investments
FREDERICTON , Aug. 15, 2014 /CNW/ - Trius Investments Inc. ("Trius Investments", the...
About this update from Tru Precious Metals Corp.
[{"type":"text","content":"\n\nFREDERICTON, Aug. 15, 2014 /CNW/ - Trius Investments Inc. (\"Trius Investments\", the \"Company\") (TSX-V: TRU) announces that its member interest in Recovery Ways, LLC; Recovery Ways Mountainview, LLC and Recovery Ways Copper Hills, LLC (collectively, the \"RW Entities\") has been sold.  The RW Entities were sold to a private equity firm (the \"Buyer\") specializing in health care services and senior living investments.  Trius Investments received a distribution of $1,181,782 (US Funds) before taxes.  This distribution represents 80% of the Company's pro-rata share of the price being paid by the Buyer for the assets of the RW Entities.  The remaining 20% will be held in escrow for a period of 12 months and will be released with the satisfactory completion of certain targets outlined in the Asset Purchase Agreement.  The Company is reviewing its options with respect to the sale proceeds.\n\nTrius Investments will continue to hold its real estate interests in MV Property, LLC; RL Property One, LLC and RW Austin Property, LLC.\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.\n\nAbout Trius Investments Inc.\n\nTrius Investments Inc. is an investment holding company.  The Company controls and operates Trius Disposal Systems Ltd., an innovative commercial/residential waste disposal company.  The Company has investments in real estate in the United States through its other wholly owned subsidiary, TRU Investments, LLC.  In addition, the company has an investment in a commercial building framing company located in Alberta, Canada.\n\nCautionary Statements\n\nStatements in this press release may contain forward-looking information, including regarding the release of the remaining distribution proceeds from escrow upon satisfaction of the targets outlined in the Asset Purchase Agreement, the use of proceeds from the disposition of the RW Entities and plans for the Company's other real-estate holdings.  The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect.  Events or circumstances may cause actual results to differ materially from those predicted, as result of num...