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Slate Grocery REIT T.SGR


Primary Symbol: T.SGR.UN Alternate Symbol(s):  SRRTF

Consumer Cyclical Real Estate Advertising Agencies REIT - Retail
Slate Grocery REIT (the REIT) is a Canada-based open-ended mutual fund trust. The REIT focuses on acquiring, owning, and leasing a portfolio of grocery-anchored real estate properties. The REIT has a portfolio that spans 15.2 million square feet of GLA and consists of 116 critical real estate properties located in the United States of America. The REIT owns and operates real estate infrastructure across United States metro markets. The Company's properties include Centerplace of Greeley, River Run, Sheridan Square, Flamingo Falls, Northlake Commons, Countryside Shoppes, Creekwood Crossing, Skyview Plaza, Riverstone Plaza, Fayetteville Pavilion, Clayton Corners, Apple Blossom Corners, Hillard Rome Commons and Riverdale Shops, Hocking Valley Mall, North Lake Commons, Eastpointe Shopping Center, Flower Mound Crossing, North Augusta Plaza, among others. The REIT's investment manager is Slate Asset Management (Canada) L.P.


TSX:SGR.UN - Post by User

Slate Grocery REIT
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Post by halcroon May 29, 2015 4:18pm
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Post# 23779347

News release: DIP will likely get assets

News release: DIP will likely get assetsSan Gold receives no offers in bankruptcy sale process

2015-05-28 18:09 ET - News Release

Mr. Greg Gibson reports

SAN GOLD RECEIVES NO THIRD PARTY OFFERS TO PURCHASE OR INVEST

San Gold Corp. did not receive any third party final bids by the deadline for the company's previously announced sale and investor solicitation process pursuant to the Bankruptcy and Insolvency Act (Canada). As a result, it is expected that the company's secured lenders will seek court approval for a transaction by which the assets of the company will be acquired by a nominee of the company's principal secured lenders in exchange for its secured debt. In such event, the company will have no ability to make a viable proposal to its creditors and will become bankrupt upon the expiry of the court-ordered stay period. The BIA provided the company an initial stay period of up to 30 days of protection from its creditors to enable it to pursue the option of a proposal to its creditors. The stay period has since been extended by court order and is currently scheduled to end on June 22, 2015.

We seek Safe Harbor.

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