C2C Industrial Properties Inc. Announces Closing of Bought Deal Offering
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TORONTO, Oct. 24, 2012 /CNW/ - C2C Industrial Properties Inc. (the "Company"
or "C2C") (CCH: TSX-V) is pleased to announce that it has completed its
offering of $20,125,000 aggregate principal amount of convertible unsecured
subordinated debentures (the "Debentures") at a price of $1,000 per
Debenture. The aggregate amount purchased by the underwriters included
$2,650,000 principal amount of Debentures to cover over-allotments pursuant to
the exercise of their over-allotment option.
The offering of the Debentures was completed on a bought deal basis and was
underwritten by a syndicate of underwriters co-led by GMP Securities L.P. and
Desjardins Securities Inc. and including National Bank Financial Inc.,
Macquarie Capital Markets Canada Ltd. and Dundee Securities Ltd. The
Corporation intends to use the net proceeds of the Offering to acquire future
properties and to conduct "value-add" activities with respect to acquired
properties or proposed investments and working capital purposes.
This press release is not an offer or a solicitation of an offer of securities
for sale in the United States. The Debentures have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an applicable
exemption from registration.
About C2C Industrial Properties Inc.
C2C is a real estate investment corporation specializing in the acquisition,
ownership and operation of industrial properties across Canada. C2C currently
owns twenty-one light industrial properties totaling approximately 2.0 million
square feet. More information about C2C (CCH: TSX-V) is available at
This document contains forward-looking statements relating to C2C and the
industry in which it operates and its strategy, action plans and investments,
which may involve estimates, forecasts and projections. These statements are
not guarantees of future performance and involve risks and uncertainties that
are difficult to predict and/or are beyond C2C's control. Consequently,
readers should not place any undue reliance on such forward-looking
statements. These forward-looking statements are made as of the date of this
press release. C2C is under no obligation to update any forward-looking
statements contained herein should material facts change due to new
information, future events or other factors, unless otherwise required to do
so by applicable law. All forward-looking statements attributable to C2C are
expressly qualified by these cautionary statements.
The TSX Venture Exchange has neither approved nor disapproved the contents of
this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this press release.
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
C2C Industrial Properties Inc. Christopher Ross President (416) 646-7353
SOURCE: C2C Industrial Properties Inc.
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-0- Oct/24/2012 13:38 GMT
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