MONTREAL, Sept. 3, 2014 /CNW Telbec/ - (TSXV: NEL.UN) Nobel Real Estate Investment Trust (« Nobel REIT » or the « REIT ») announces that it has granted yesterday unit options to key employees of its external manager, of which 300,000 were granted to officers of the REIT who are part of the external manager's team, in accordance with its unit option plan and policy 4.4 of the TSX Venture Exchange. The options will vest immediately to the holders and are valid for a period of five years with an exercise price of $0.75 per unit option.
About Nobel Real Estate Investment Trust
Nobel REIT is an unincorporated open-ended real estate investment trust governed by the laws of the Province of Québec. Nobel REIT has been created for the purpose of acquiring and owning income producing properties. The REIT will focus on acquiring commercial retail, mixed-used retail, and industrial and suburban office properties in the primary and secondary markets in the Province of Québec.
Nobel REIT currently owns four properties located in Québec, comprising 168,318 square feet of gross leasable area.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy of this release.
SOURCE: Nobel Real Estate Investment Trust
For further information: Louis Lemire, CPA, CA, Chief Financial Officer, (450) 655-4338