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DISSEMINATION IN THE UNITED STATES/
TORONTO, Jan. 31, 2012 /CNW/ - C2C Industrial Properties Inc. (the "Company" or "C2C") (CCH: TSX-V) today announced that, in connection with its previous
announcement dated January 30, 2012 concerning the acquisition by its
wholly-named subsidiary, C2C Industrial Properties Ltd., of a portfolio
of income producing industrial properties located in the Greater
Toronto Area and a related private placement of units, the Company has
fixed the exercise price of the warrants forming a part of the units at
$0.20 per share.
The private placement will consist of a unit offering in the aggregate
amount of $9,000,000 consisting of shares and warrants. Each unit will
have a subscription price of $0.17 and consist of one common share and
a fraction of a share purchase warrant. Each whole warrant will
entitle the holder to purchase one common share of C2C for a term of
three years at an exercise price of $0.20 per share.
About C2C Industrial Properties Inc.
C2C is a real property investment company, which recently completed its
Qualifying Transaction on the TSX Venture Exchange. C2C's principal
objective is to become a real estate investment corporation
specializing in acquisition, ownership and the operation of industrial
properties across Canada. More information about C2C (CCH: TSX-V) is
available at www.sedar.com.
Forward Looking Statements
This document contains forward-looking statements relating to C2C and
the environment in which it operates and its strategy, action plans and
investments, which may involve estimates, forecasts and projections.
These statements are not guarantees of future performance and involve
risks and uncertainties that are difficult to predict and/or are beyond
C2C's control. A number of important factors could cause actual
outcomes and results to differ materially from those expressed in these
forward-looking statements. These factors include those set forth in
this press release and other public filings. Consequently, readers
should not place any undue reliance on such forward-looking statements.
These forward-looking statements are made as of the date of this press
release. C2C is under no obligation to update any forward-looking
statements contained herein should material facts change due to new
information, future events or other factors. All forward-looking
statements attributable to C2C are expressly qualified by these
The TSX Venture Exchange has neither approved nor disapproved the
contents of this press release.
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 press
SOURCE C2C Industrial Properties Inc.
For further information:
C2C Industrial Properties Inc.