TSX:BTB.DB.H - Post by User
Post by
Jimpossibleon Mar 20, 2008 8:53pm
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Post# 14757017
Debenture issue closed
Debenture issue closedThis issue apparently wasn't fully subscribed, but 13 million will buy something IMO, and a document at Sedar dated March 13 says the conversion price will be $2.30
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MONTREAL, March 20 /CNW Telbec/ - BTB Real Estate Investment Trust
(TSX-V: BTB.UN) ("BTB REIT") announced today that it has closed its previously
announced public offering (the "Offering") of Series B 8.5% convertible
redeemable unsecured subordinated debentures (the "Debentures"), pursuant to
which BTB REIT has issued 13,020 Debentures for the aggregate principal amount
of $13,020,000.
The Offering was completed on a best efforts basis by a syndicate of
investment dealers led by Blackmont Capital Inc. and including National Bank
Financial Inc., Desjardins Securities Inc., Dundee Securities Corporation,
Raymond James Ltd. and Genuity Capital Markets G.P.
BTB REIT intends to use the net proceeds of the Offering to fund
previously identified property acquisitions.