02:09:16 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Edgefront Real Estate Investment Trust
Symbol ED
Shares Issued 33,143,708
Close 2015-11-27 C$ 1.64
Market Cap C$ 54,355,681
Recent Sedar Documents

Edgefront Prince George property agreement

2015-11-27 19:23 ET - Property Agreement

The TSX Venture Exchange has accepted for filing documentation relating to a purchase and sale agreement dated Aug. 12, 2015, between an arm's-length party and Edgefront Real Estate Investment Trust. Pursuant to the agreement, the company shall acquire a municipal property known as 988 Great St., located in Prince George, B.C.

In consideration, the company shall pay a total of $4,274,999 plus issue 1,697,369 Class B LP units of a subsidiary limited partnership (LP) at a deemed price of $1.90 per LP unit to the vendor. Each LP unit is economically equivalent to and exchangeable for an REIT unit on a 1:1 basis, and will be accompanied by special voting units of the REIT that provide their holders with equivalent voting rights to holders of the REIT units.

For more information, refer to the company's news release dated Nov. 4, 2015.

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