| BTB Real Estate Investment Trust Announces $40 Million Brokered ...
MONTREAL, QUEBEC -- (MARKET WIRE) -- April 10, 2007 -- BTB Real Estate Investment Trust (TSX VENTURE: BTB.UN) ("BTB REIT") announced today that it has entered into an engagement letter with Blackmont Capital Inc. to offer trust units ("Units") for maximum gross proceeds to BTB REIT of up to $40,000,000 in reliance on applicable private placement exemptions (the "Private Placement"). The Private Placement will be made on a best efforts basis by a syndicate of investment dealers led by Blackmont Capital Inc. and including National Bank Financial Inc., Dundee Securities Corporation and Genuity Capital Markets (collectively, the "Agents"). The pricing of the Units will be determined by the Agents and BTB REIT in the context of the market. BTB REIT has agreed to grant to the Agents an option to acquire additional Units equal to 15% of the number of Units sold pursuant to the Private Placement.
BTB Real Estate Investment Trust: Grant of Options to Purchase ...
MONTREAL, QUEBEC -- (MARKET WIRE) -- 04/02/07 -- The trustees of BTB Real Estate Investment Trust (TSX VENTURE: BTB.UN)("BTB REIT"), announced today the grant of options to purchase 100,000 units of BTB REIT to Mr. Benoit Cyr, Chief Financial Officer of BTB REIT. These options will expire on April 1, 2012 and their exercise price is $2.65 per unit. Subject to additional conditions, 25% of those options will vest each year starting on April 1, 2008.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release. Contacts:
BTB Real Estate Investment Trust
Mr. Michel Leonard
President and Chief Executive Officer
514-866-1990, ext. 236
.
BTB Real Estate Investment Trust Announces a $22 Million ...
MONTREAL, QUEBEC -- (MARKET WIRE) -- 04/04/07 -- The trustees of BTB Real Estate Investment Trust (TSX VENTURE: BTB.UN) ("BTB") are proud to announce that they have entered into a conditional agreement to purchase one office building located in downtown Trois-Rivieres, in the province of Quebec. The total acquisition cost is approximately $22 M, excluding closing fees. Purchase price represents a capitalization rate of 8.5%. Since first being listed on the TSX Venture Exchange on October 3, 2006, BTB has announced agreements to purchase commercial properties now worth approximately $216 M. A brief description of the property follows: Complexe de Lery, Trois-Rivieres, Quebec Complexe de Lery Inc. is a 155,625 square feet complex of two Class A office properties and a 22,468 square foot parcel of land located in Downtown Trois-Rivieres.
BTB Real Estate Investment Trust Announces the Closing of the ...
MONTREAL, QUEBEC--(CCNMatthews - April 10, 2007) - The trustees of BTB Real Estate Investment Trust (TSX VENTURE:BTB.UN) ("BTB") are proud to announce today the closing of the acquisition of two commercial properties, which are located in Montreal and in Laval, province of Quebec. At the conclusion of the due diligence process, BTB was pleased to find that the revenue stream had slightly increased on both properties. With the signing of these two properties, BTB has now closed on over $49M worth of properties and as previously announced is still in the due diligence process for approximately $167M.
1400-1440 Antonio-Barbeau Street in Montreal, Quebec
A stone's throw away from the "Marche Central" in the heart of the island of Montreal, this is an 80,462 square feet converted industrial building which management believes could significantly increase in value by continuing the conversion into office space.
Stock Market Update - Tue Apr 10 16:20:01 EDT 2007
[BRIEFING.COM] Stocks closed higher Tuesday, but market gains were modest in scope given a lack of corporate news, no scheduled economic data, and a sense of caution that typically precedes the start of earnings season, especially one in which 14 consecutive quarters of double-digit profit growth for the S&P 500 are likely to come to an end. Alcoa (AA 34.90 +0.03), the best performing Dow component last quarter (+13.6%), was scheduled to officially kick things off with its Q1 report after the closing bell. Speaking of the blue-chip index, it finished to the upside for an eighth consecutive day, recording its longest winning streak since March 2003. However, had it not been for respective gains of 1.6% and 1.0% in Citigroup (C 52.41 +0.83) and Exxon Mobil (XOM 77.59 +0.79), which rank as two of the most heavily-weighted constituents on the S&P 500, the Dow's streak would have been snapped.
|
