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BRIEF-Fronsac REIT Announces A Financing

Published 2018-08-08, 09:16 a/m
BRIEF-Fronsac REIT Announces A Financing
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Aug 8 (Reuters) - Fronsac REIT FRO_u.V :

* FRONSAC REIT ANNOUNCES A FINANCING

* FRONSAC REIT - INTENTION TO UNDERTAKE A PROSPECTUS-EXEMPTED PRIVATE PLACEMENT RAISING UP TO A MAXIMUM OFFERING AMOUNT OF $10 MILLION

* FRONSAC REIT - OFFERING WILL BE COMPRISED OF UNITS OF FRONSAC AND OF NON-SECURED CONVERTIBLE DEBENTURES

* FRONSAC REIT - UNITS WILL BE OFFERED AT A PRICE OF $0.54 EACH

* FRONSAC REIT - CONVERTIBLE DEBENTURES WILL MATURE 5 YEARS AFTER THEIR ISSUANCE, BEAR AN ANNUAL INTEREST RATE OF 6 % PAYABLE SEMI-ANNUALLY

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