Homburg Invest Inc. reaches agreement to do Private Placement (CAN)

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

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