Realex Properties Corp. announces increase to subscription receipts financing



    CALGARY, June 27 /CNW/ - Realex Properties Corp. ("Realex") is pleased to
announce that it has received commitments in excess of the previously
announced private placement of up to 11.0 million subscription receipts at a
price of $2.30 per subscription receipt for gross proceeds of up to
$25.3 million. In light of the positive investor response, Realex has agreed
to increase the size of the offering to a maximum of 14.0 million subscription
receipts representing gross proceeds of $32.2 million. Each subscription
receipt will represent the right to receive one common share and one
non-voting common share of Realex upon completion of the acquisition referred
to in Realex's June 25, 2008 press release. The agents for the private
placement are RBC Capital Markets and Genuity Capital Markets, as co-lead
agents and co-bookrunners, Desjardins Securities Inc. and TD Securities Inc.
Closing of the private placement is expected to occur on or about July 15,
    For more information on the subscription receipt offering and related
acquisition, please refer to the press release dated June 25, 2008 posted in
the investor's section of the Corporation's website -

    The TSX Venture Exchange has neither approved nor disapproved the
contents of this news release. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this news release.

    This press release may contain forward looking statements and information
within the meaning of applicable securities legislation. Although Realex
Properties Corp. believes that the anticipated future results, performance or
achievements expressed or implied by the forward looking statements and
information are based upon reasonable assumptions and expectations, the reader
should not place undue reliance on forward looking statements and information
because they involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of Realex to
differ materially from anticipated future results, performance or achievement
expressed or implied by such forward looking statements and information.
Accordingly, Realex cannot give any assurance that its expectations will in
fact occur and cautions that actual results may differ materially from those
in the forward looking statements. Factors that could cause actual results to
differ materially from those set forth in the forward looking statements and
information include:  general economic conditions; local real estate
conditions including the development of properties in close proximity to
Realex's properties; timely leasing of newly-developed properties and
re-leasing of occupied square footage upon expiration; dependence on tenants'
financial condition; the uncertainties of real estate development and
acquisition activity; the ability to effectively integrate acquisitions;
interest rates; availability of equity and debt financing; the impact of
newly-adopted accounting principles on Realex's accounting policies and on
period-to-period comparisons of financial results; and other risks and factors
described from time to time in the documents filed by Realex with the
securities regulators in Canada, including in the Annual Information Form
under the heading "Description of the Business - Risk Factors" and in Realex's
annual Management's Discussion and Analysis. Realex undertakes no obligation
to publicly update or revise any forward looking statements or information,
whether as a result of new information, future events or otherwise, except as
required by securities laws.

For further information:

For further information: Marc Sardachuk, President and Chief Executive
Officer, Realex Properties Corp., Telephone: (403) 264-5889, Facsimile: (403)
264-5892; Mark Suchan, Chief Financial Officer, Realex Properties Corp.,
Telephone: (403) 264-5889, Facsimile: (403) 264-5892

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