La Prairie, Quebec--(Newsfile Corp. - July 14, 2026) - Margaux Real Estate Investment Trust (TSXV: ALFA.UN) ("Margaux" or the "REIT") is pleased to announce a proposed non-brokered private placement of up to 1,153,846 units ("Units") at a price of $1.30 per Unit, for gross proceeds of up to $1,500,000 (the "Offering"). There is no minimum Offering.
Each Unit shall be comprised of one (1) trust unit of the REIT (each, a "Trust Unit") and one-half of one (1/2) Trust Unit purchase warrant (each whole warrant, a "Warrant"), with each whole Warrant exercisable into one Trust Unit at a price of $1.50 per Trust Unit for a period of twenty-four (24) months from the date of issuance. No finder's fee or commission will be payable by the REIT in connection with the Offering.
The net proceeds received by the REIT from the Offering are expected to be used to fund the acquisition of a self-storage property located in Saint-Basile-le-Grand, Quebec (see the REIT's news release dated July 10, 2026 for further details).
The Offering is being conducted pursuant to available prospectus exemptions in accordance with National Instrument 45-106 - Prospectus Exemptions. This Offering may close in multiple tranches, and is anticipated to be completed on or around July 31, 2026.
Completion of the Offering is subject to regulatory approval including, but not limited to, the approval of the TSX Venture Exchange (the "TSXV"). The Trust Units and Warrants issued will be subject to a four month and one day hold period from the date of issuance.
The securities being offered have not, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the "United States" or "U.S. persons" (as such terms are defined in Regulation S under the U.S. Securities Act) absent registration under the U.S. Securities Act and all applicable U.S. state securities laws, or in compliance with an exemption therefrom. This press release is not an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of such jurisdiction.
As a result of the expected participation in the Offering by certain officers and trustees of the REIT, the Offering is expected to be a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The REIT expects to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that the fair market value of the related party participation is expected to be below 25% of the REIT's market capitalization for purposes of MI 61-101.