Brief: Fronsac REIT Announces A Financing

Canadian Net Real Estate Investment Trust

08/08/2018 14:16

Aug 8 (Reuters) - Fronsac REIT  FRO_u.V :
    * FRONSAC REIT ANNOUNCES A FINANCING
    * FRONSAC REIT - INTENTION TO UNDERTAKE A
PROSPECTUS-EXEMPTED
PRIVATE PLACEMENT RAISING UP TO A MAXIMUM OFFERING AMOUNT OF $10
MILLION
    * FRONSAC REIT - OFFERING WILL BE COMPRISED OF UNITS OF
FRONSAC
AND OF NON-SECURED CONVERTIBLE DEBENTURES
    * FRONSAC REIT - UNITS WILL BE OFFERED AT A PRICE OF $0.54
EACH
    * FRONSAC REIT - CONVERTIBLE DEBENTURES WILL MATURE 5 YEARS
AFTER
THEIR ISSUANCE, BEAR AN ANNUAL INTEREST RATE OF 6 % PAYABLE
SEMI-ANNUALLY

Source text for Eikon:  ID:nGNXc38hr1 
Further company coverage:  FRO_u.V 

 (Reuters.Briefs@thomsonreuters.com)