TORONTO, Aug. 4 /CNW/ - GT Canada Medical Properties announced that it has completed a non-brokered private placement of 1,000,000 common shares at a price of CDN $0.27 per share for gross proceeds of CDN $270,000. All of the common shares issued to subscribers pursuant to the private placement are subject to a four-month hold period expiring December 5, 2010. GT Canada will use the proceeds of the private placement for the purposes of expanding its acquisition pipeline, conducting due diligence and general working capital.
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SOURCE GT CANADA MEDICAL PROPERTIES INC.
For further information: For further information: Andrew I. Shapack, Chief Executive Officer, (416) 572-2170