Richard Homburg, Chairman and CEO of Homburg Invest Inc., reports that the Company has reached an agreement, subject to Toronto Stock Exchange approval, with a Canadian private investment firm to do a private placement. Under the agreement, this investor will purchase from the treasury of HII, 1,007,750 Class A Subordinate Voting Shares at a price of $5.00 per share.
The proceeds of the placement will be utilized for general working capital purposes.
Homburg, with its head office in Halifax, Nova Scotia, owns and develops a diversified portfolio of quality real estate including office, retail, industrial and residential apartment and townhouse properties throughout Canada, the United States and Western Europe.
Source: Homburg
