TSX.V-IIP
TORONTO, Dec. 7 /CNW/ - InterRent International Properties Inc.,
("InterRent" or the "Company") today announced that its common shares have
been listed for trading on the Frankfurt Freiverkehr (Open Market) and XETRA
under the trading symbol I4N. The German securities code for InterRent is WKN
A0HG5Y and the ISIN Number is CA46070E1079. Quotation of the shares commenced
at the opening of markets on December 7, 2005.
This new listing provides InterRent with increased exposure to worldwide
capital markets and enables Europeans to trade shares of the Company in Euros
on the FWB.
Commenting on the listing, Michael Newman, President and CEO of the
Company stated, "European, and especially German investors have for many years
been a major source of investment capital in Canada's real estate markets.
Nowhere has this been more evident than in Ontario, our country's most
populous province. By listing our shares for trading in Frankfurt, the Company
intends to provide German and other European investors the opportunity to
participate in InterRent's growth via the purchase of its shares through the
facilities of a local stock market."
In conjunction with its listing, the Company also launched its new German
website at www.interrentproperties.de.
Further to its press release of December 2, 2005, the Company also
announced that it has received TSX.V approval for the extension of the
exercise date of 8,000,000 warrants with an exercise price of $0.60/share,
from December 16, 2005 to May 30, 2006.
InterRent is a rapidly expanding, growth oriented real estate company
engaged in building shareholder value through the acquisition, ownership and
operation of strategically located income producing multi-residential real
estate, with 1,040 apartment suites under ownership.
Certain information in this press release may contain forward-looking
statements. This information is based on current expectations that are subject
to significant risks and uncertainties that are difficult to predict. Actual
results might differ materially from results suggested in any forward-looking
statements. The Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ from
those reflected in the forward looking-statements unless and until required by
securities laws applicable to the Company. Additional information identifying
risks and uncertainties is contained in the Company's filings with the
Canadian securities regulators, which filings are available at www.sedar.com.
%SEDAR: 00010579E
