NorthWest International Healthcare Properties REIT Completes $25 Million
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
TORONTO, Dec. 20, 2012 /CNW/ - NorthWest International Healthcare Properties
Real Estate Investment Trust (TSXV: MOB.UN) (the "REIT") announced today the
closing of its previously announced equity offering of 12,500,000 trust units
of the REIT ("Units") at a price of $2.00 per Unit (the "Offering Price") for
gross proceeds of $25,000,000.
The offering was underwritten by a syndicate of underwriters led by GMP
Securities L.P. and National Bank Financial Inc. and including Scotia Capital
Inc., Canaccord Genuity Corp., Desjardins Securities Inc. and Macquarie
Capital Markets Canada Ltd. (the "Underwriters"). The Underwriters have been
granted the option to purchase up to an additional 1,875,000 Units at the
Offering Price within a period of 30 days from today to cover over-allotments,
if any, and for market stabilization purposes.
The net proceeds from the offering are expected to be used for advancing the
REIT's international healthcare real estate strategy, potential future
acquisitions and ongoing operating and working capital requirements.
The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered
or sold in the United States or to, or for the account or benefit of, U.S.
persons absent registration or an applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of the
securities in any State in which such offer, solicitation or sale would be
About NorthWest International Healthcare Properties Real Estate Investment
The REIT is an unincorporated, open-ended real estate investment trust
established under the laws of the Province of Ontario. Including its
investment in Vital Healthcare Property Trust (NZX: VHP), the REIT holds
interests in a portfolio of 31 income-producing properties, with a focus on
internationally-located medical office buildings and healthcare real estate,
comprising approximately 1.5 million square feet of gross leasable area
located in Australia, Brazil and Germany.
Forward Looking Information
Certain statements contained in this news release may contain projections and
"forward looking statements" within the meaning of that phrase under Canadian
securities laws. When used in this new release, the words "may", "would",
"should", "could", "will", "intend", "plan", "anticipate", "believe",
"estimate", "expect" and similar expressions may be used to identify forward
looking statements. Those statements reflect the REIT's current views with
respect to future events or conditions, including completion of the offering
and the proposed use of proceeds. By their nature, forward looking statements
reflect management's current views, beliefs and assumptions and are subject to
certain risks and uncertainties, known and unknown, including, without
limitation, risks disclosed in the short-form prospectus of the REIT dated
December 7, 2012 and in the REIT's other public filings. Many factors could
cause actual results, performance or achievements to be materially different
from any future results, performance or achievements that may be expressed or
implied by these forward looking statements. The REIT does not intend to nor
assume any obligation to update these forward-looking statements whether as a
result of new information, plans, events or otherwise, unless required by law.
These securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any
state securities laws and may not be offered or sold in the United States or
to U.S. persons except in compliance with the registration requirements of the
U.S. Securities Act and applicable state securities laws or pursuant to an
exemption therefrom. Accordingly, this news release does not constitute an
offer for sale of securities in the United States.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Paul Dalla Lana CEO, NorthWest International Healthcare Properties REIT (416)
366-8300 ext. 1001
SOURCE: NorthWest International Healthcare Properties Real Estate Investment
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