TORONTO, Nov. 29, 2013 /CNW/ - Edgefront Realty Corp. ("Edgefront") (TSXV: ED) is pleased to provide an update on its agreement,
previously announced on November 1, 2013, to purchase a portfolio of 10
industrial properties located in Alberta, Saskatchewan, British
Columbia and the Northwest Territories which will be a Reverse Takeover
(as that term is defined in TSXV Policy 5.2). Edgefront has submitted
documentation regarding the transaction to the TSX Venture Exchange ("TSXV") seeking conditional approval, and Edgefront expects to mail its
information circular on or around December 5, 2013.
Edgefront is a growth oriented real estate company focused on increasing
shareholder value through the acquisition, ownership and management of
industrial properties located in primary and secondary markets in North
America, with an initial focus on Western Canada. It is the intention
of Edgefront to expand its business of purchasing, owning and operating
real estate assets and to convert into a real estate investment trust
having an external asset management structure, subject to receipt of
all necessary approvals, including that of the TSXV.
Cautions Regarding Future Plans and Forward Looking Information
Completion of the proposed transaction is subject to a number of
conditions, including TSXV acceptance and shareholder approval. The
transaction cannot close until the required shareholder approval is
obtained. There can be no assurance that the transaction will be
completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management
information circular to be prepared in connection with the transaction,
any information released or received with respect to the proposed
transaction may not be accurate or complete and should not be relied
upon. Trading in the securities of Edgefront should be considered
The TSXV has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of
this press release. Neither the TSXV nor its Regulation Services
Provider (as that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this release.
This press release contains forward-looking information within the
meaning of Canadian securities laws. Such information includes,
without limitation, information regarding the completion of the
proposed transaction and the business strategies of Edgefront.
Although Edgefront believes that such information is reasonable, it can
give no assurance that such expectations will prove to be correct.
SOURCE: Edgefront Realty Corp.
For further information:
please contact Kelly C. Hanczyk at (416) 906-2379.