MONTREAL, June 6 /CNW Telbec/ - Marc Fortier, Chairman of the Board of
Directors, announced today that Capital Wapiti Inc. (TSX-V:WTI), has effective
immediately changed its name to Investus Real Estate Inc. (TSX-V:IVT(*)) and
that Robert Berger, its recently appointed President and Chief Executive
Officer, has been granted a total of 500,000 stock options (the "Options")
pursuant to its Stock Option Plan (the "Plan").
Appointed to his new position last month, Mr. Berger had previously been
the Corporation's President and Chief Operating Officer. He has over 25 years
of experience in real estate across Canada including acquisitions,
development, due diligence, debt and equity financing, asset and property
management, financial reporting, dispositions, joint venture arrangements and
investor relations. Sectors of concentration have been industrial, both
single-tenant and multi-tenant, office and retail.
As a result of 400,000 Options Mr. Berger has the right to purchase
400,000 common shares of the Corporation at a price of $0.30 per common share.
The remaining 100,000 Options give Mr. Berger the right to purchase
100,000 common shares of the Corporation at a price of $0.185 per common
share. All of the Options may be exercised until May 28, 2013 pursuant to the
terms and conditions set out in the Plan, subject to certain vesting
These grants bring the total number of stock options granted under the
Corporation's Plan to 3,250,613 out of a maximum of 3,257,125 allowed under
"Investus Real Estate Inc. is a created name that has the virtue of
conveying the nature of our business," explained Mr. Berger. "Our new visual
identity shows a vast landscape where a blue-coloured section of real estate
is singled out - underscoring our capacity to locate real estate of strategic
importance to the end user - and linking it back to the colour used in our
About Investus Real Estate Inc.
Investus is a Canadian corporation that invests in industrial properties
in primary and secondary markets mainly in Eastern Canada. The Corporation
owns four properties exceeding 199,000 sq. ft and purchased for a total of
$17.2 million. Additional information on the Corporation is available on the
new web site www.investus.ca and on the SEDAR website at www.sedar.com.
(*) Until the TSX and all other public authorities implement the
change-over to the new name, Investus (IVT) will continue to be listed as
WTI on the TSX Venture Exchange, and as Capital Wapiti Inc. on SEDAR. The
full change-over is expected to be completed late next week.
This press release contains forward-looking statements. Forward-looking
statements are subject to risk, uncertainties and assumptions. Although the
Directors of Capital Wapiti Inc. believe that the expectations represented in
such forward-looking statements are reasonable, there can be no assurance that
such expectations will prove to be correct. Some of the factors and risks
which could affect future results and could cause results to differ materially
from those expressed in the forward-looking statements contained herein
include the impact of general economic conditions, industry conditions,
governmental regulation, environmental risk, competition from other industry
participants, stock market volatility, the ability to access sufficient
capital from internal and external sources and the risk of fluctuation and
variation in actual operating results, which variation may be material. A full
description of these risk factors can be found in the Capital Wapiti Inc.
final prospectus dated April 5, 2007 and the Filing Statement dated
October 15, 2007 which are available electronically at www.sedar.com. The
forward-looking statements contained herein are expressly qualified in their
entirety by this cautionary statement.
The forward-looking statements included herein are made as of the date
hereof and Capital Wapiti Inc. does not undertake any obligation to publicly
update such forward-looking statements to reflect new information, subsequent
events or otherwise.
The TSX Venture Exchange does not accept responsibility for adequacy or
accuracy of this press release.
For further information:
For further information: Mr. Robert Berger, President and Chief
Executive Officer, Investus Real Estate Inc. (514) 868-9550 ext 222,
firstname.lastname@example.org; Mr. Serge Beaudet, Chief Financial Officer and Secretary,
Investus Real Estate Inc., (514) 868-9550 ext 224, email@example.com