10:20:05 EDT Sun 19 May 2024
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CA



Emergia signs term sheet with Palos Capital

2024-04-29 13:54 ET - News Release

Mr. Faraj Nakhleh reports

EMERGIA INC. ANNOUNCES THE SIGNING OF A TERM SHEET FOR A POTENTIAL INVESTMENT IN THE COMPANY

Emergia Inc. has signed a non-binding term sheet with Palos Capital Corp., upon which Palos Capital or one of its affiliated entities is evaluating making an investment in the company through the issuance of convertible debentures.

The non-binding term sheet is subject to a 90-day exclusivity period for the completion of due diligence and to negotiate definitive, binding agreements. Hasan Shawa acted as adviser and worked tirelessly to help conclude the term sheet.

About Emergia Inc.

Emergia operates mainly in Canada in the development, acquisition and management of multipurpose real estate, including retail, multifamily, industrial and office buildings, as well as land for future development. The corporation's investment platform is based on an integrated, agile and efficient develop-to-own strategy that enables Emergia to benefit from development profits and the value-add while securing stable long-term returns.

We seek Safe Harbor.

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