Brief: Mainstreet Health Investments Issues Preferred Shares, Acquires 3 Private Care Communities

Invesque

22/12/2017 16:37

Dec 22 (Reuters) - Mainstreet Health Investments Inc 
 HLPu.TO : 
    * MAINSTREET HEALTH INVESTMENTS INC. (TO BE RENAMED INVESQUE 
INC.) 
ANNOUNCES ISSUANCE OF CONVERTIBLE PREFERRED SHARES AND 
ACQUISITION OF THREE PRIVATE PAY MEMORY CARE COMMUNITIES 
    * MAINSTREET HEALTH INVESTMENTS - SUBSCRIPTION AGREEMENT IS 
IN 
RESPECT OF ISSUANCE OF CLASS A CONVERTIBLE PREFERRED SHARES OF 
CO FOR PROCEEDS OF $54 MILLION 
    * MAINSTREET HEALTH INVESTMENTS INC - PROCEEDS FROM 
INVESTMENT TO 
BE USED FOR REPAYMENT OF DEBT AMONG OTHERS 
    * MAINSTREET HEALTH INVESTMENTS - ENTERED INTO AGREEMENT TO 
ACQUIRE THREE FREESTANDING MEMORY CARE COMMUNITIES FOR A 
PURCHASE PRICE OF $21.5 MILLION 
    * MAINSTREET HEALTH INVESTMENTS - WILL FUND ACQUISITION OF 
PROPERTIES THROUGH A COMBINATION OF NEW DEBT, CASH ON HAND & 
PROCEEDS FROM INVESTMENT 
 
Source text for Eikon:  ID:nCNWxdbSma  
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