MONTREAL, July 21 /CNW Telbec/ - Investus Real Estate Inc.
(TSX Venture: IVT) today announced that Frederic F. Muller has joined the
corporation as Vice-President Acquisitions.
Mr. Muller has over 10 years experience in finance and real estate in
Canada, the US and Europe and, most recently, was an Asset Manager with
Desjardins Asset Management. He began his functions with Investus on July 21,
2008, and as part of his compensation package has been granted 6,500 options
at the closing price of the shares on Friday, July 18, 2008, $0.17.
Investus also announces that its Share Option Plan (the "Plan") was
amended by the corporation's Board of Directors to provide that unless
otherwise determined by the Board of Directors or a committee thereof, any
unvested options outstanding immediately prior to the occurrence of a change
in control shall become fully exercisable upon the occurrence of a change in
control. For the purposes of the amended Plan the term "change in control"
includes (i) the acquisition by a third party of the direct or indirect
beneficial ownership of securities of Investus representing fifty (50%)
percent or more of the combined voting power of Investus' then outstanding
securities; or (ii) the occurrence of a transaction requiring approval of
Investus' shareholders involving the acquisition of Investus or all or
substantially all of its business by an entity through purchase of assets by
amalgamation, arrangement or otherwise. The amended Plan is subject to
approval by the TSX Venture Exchange.
Investus also wishes to correct its June 6, 2008, press release with
respect to the exercise price of the 100,000 stock options to purchase common
shares that were granted to Mr. Robert Berger. The exercise price stated
should have been $0.20 instead of $0.185.
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.
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