/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
NEWS WIRE SERVICES/
WINNIPEG, Aug. 23, 2012 /CNW/ - Lakeview Hotel Real Estate Investment
Trust ("Lakeview REIT") announced today that pursuant to the provisions
of its stock option plan, it has granted an aggregate of 120,000
options to certain trustees, officers and employees of Lakeview REIT
(the "Options"). The Options have an exercise price of $0.33 per unit
and expire on August 23, 2017. Stock option grants are subject to
necessary regulatory approvals.
Lakeview REIT maintains a fixed stock option plan reserving for issuance
up to 1,000,000 units of Lakeview REIT. Following the grant of the
above options, there will be an aggregate of 1,000,000 options
outstanding under Lakeview's stock option plan.
Neither TSX Venture Exchange nor its Regulation Service Provider (as the
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE: Lakeview Hotel Real Estate Investment Trust
For further information:
Keith Levit, President, or Avrum Senensky, Executive Vice President
Tel: (204) 947-1161, Fax: (204) 957-1697, Email email@example.com