TG Residential Value Properties Ltd. Announces Private Placement
TSX VENTURE: TGP.H
/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRES/
VANCOUVER, April 1, 2014 /CNW/ - TG Residential Value Properties ("the Company") (TSX VENTURE:TGP.H) is pleased to announce a non-brokered private placement ("Private Placement") of Class "A" Common Shares ("Shares") of the Company for aggregate gross proceeds equal to $230,000. The shares will be priced at $0.11. Certain parties will receive finder's fees in connection with the Private Placement in the amount of $11,500 in cash.
The Shares issued pursuant to the Private Placement will be subject to a four month hold period in Canada.
About TG Residential
TG Residential Value Properties Ltd. Is a Capital Pool Company that intends to seek opportunities to acquire multifamily residential property in North America, specifically in Winnipeg and the Dallas Fort Worth area of Texas. The Company announced a Qualifying Transaction on February 1, 2013 but had not completed the transaction as of February 27, 2014 and as a result it sought a listing on the NEX.
The Company's investment approach will be to grow through the acquisition undervalued properties in areas of potential population and job growth. Potential acquisition targets may be in private or public companies in a variety of markets, thereby allowing for diversification. Acquisition of all or a majority of the ownership of each such property is preferred. Value will be created by seeking out properties where higher revenues can be achieved through physical upgrades and re-positioning in the surrounding marketplace.
Note Regarding Forward Looking Information
Certain information in this news release constitutes forward-looking information under applicable securities law. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking information. Forward-looking information contained in this news release is expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date hereof and TG Residential Value Properties Ltd. undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE TG Residential Value Properties Ltd.For further information: ?TG Residential Value Properties, Douglas Thiessen, CEO, firstname.lastname@example.org