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