Brief: NexLiving Announces Update To Previously Announced 150-Unit Mountain Road Acquisition

NexLiving Communities

05/12/2022 12:22

Dec 5 (Reuters) - NexLiving Communities Inc  NXLV.V :
    * NEXLIVING ANNOUNCES UPDATE TO PREVIOUSLY ANNOUNCED
150-UNIT
MOUNTAIN ROAD ACQUISITION
    * NEXLIVING COMMUNITIES INC - ENTERED INTO AN AGREEMENT TO
ACQUIRE
A 100% INTEREST IN NORTHPOINT MANAGEMENT INC. FROM SHEACO
HOLDINGS INC. FOR $39.6 MILLION
    * NEXLIVING COMMUNITIES- PURCHASE PRICE TO BE PAID BY
ISSUANCE OF
37.5 MILLION COMMON SHARES AT $0.20/SHARE, CASH OF $2.5 MILLION,
PROCEEDS FROM $29.6 MILLION CMHC INSURED MORTGAGE

Source text for Eikon:  ID:nCNWqwDvYa 
Further company coverage:  NXLV.V