CHC Realty Capital Corp. Announces Further Details on Private Placement

CHC Realty Capital Corp. ("CHC" or the "Company") (TSX VENTURE:CHC) wishes to
announce that it has established a price of $0.11 per subscription receipt for
its proposed non-brokered private placement disclosed in its press release dated
July 3, 2014. Under the placement, the Company intends to issue approximately
72,727,272 subscription receipts to raise approximately $8.0 million. As
previously disclosed, the Company intends to use the net proceeds of the private
placement to complete the Company's proposed acquisitions of student housing
properties in Windsor, Ontario and Trois-Rivieres, Quebec, and for general
corporate purposes.


The subscription receipts will be offered by way of private placement in all of
the provinces of Canada, and in jurisdictions outside of Canada, provided that
no prospectus filing or comparable obligation arises in such jurisdictions.
Pursuant to applicable Canadian securities laws, all securities issued pursuant
to the private placement will be subject to a statutory hold period expiring on
the date that is four months and a day from the closing of the private
placement.


The private placement is expected to close on or about July 31, 2014. Closing is
subject to certain conditions including, but not limited to, the receipt of all
necessary approvals including the approval of the TSXV. Subject to TSXV
approval, the Company may pay finder's fees consisting of cash from the proceeds
of the proposed private placement.


The securities described herein have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in the United
States unless registered under the Act or unless an exemption from registration
is available.


About CHC Realty Capital Corp.

CHC Realty Capital Corp. is an owner and operator of student housing properties
which is focused on acquiring high quality properties in close proximity to
universities and colleges in primary and well understood secondary markets in
Canada.


Cautions Regarding Future Plans and Forward-Looking Information

This press release contains forward-looking information within the meaning of
Canadian securities laws. Such information includes, without limitation,
information regarding the completion of the proposed transaction and the
business strategies of CHC. Although CHC believes that such information is
reasonable, it can give no assurance that such expectations will prove to be
correct. Forward-looking information is typically identified by words such as:
believe, expect, anticipate, intend, estimate, postulate and similar
expressions, or are those, which, by their nature, refer to future events. CHC
cautions investors that any forward-looking information provided by CHC is not a
guarantee of future results or performance, and that actual results may differ
materially from those in forward-looking information as a result of various
factors, including, but not limited to: CHC's ability to complete the proposed
transactions; the state of the real estate sector in the event the proposed
transactions are completed; recent market volatility; CHC's ability to secure
the necessary mortgage financing or to be fully able to implement its business
strategies; and other risks and factors that CHC is unaware of at this time. The
reader is referred to CHC's initial public offering prospectus and other
continuous disclosure documents for a more complete discussion of risk factors
relating to CHC and their potential effects, copies of which may be accessed
through CHC's profile on SEDAR at www.sedar.com.


This news release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities nor shall there by any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.


The TSXV has in no way passed upon the merits of the proposed transaction and
has neither approved nor disapproved the contents of this press release. Neither
the TSXV nor its Regulation Services Provider (as that term is defined in the
policies of the TSXV) accepts responsibility for the adequacy or accuracy of
this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mark Hansen, President and Chief Executive Officer
CHC Realty Capital Corp.
Telephone: (647) 288-9355
Email: mhansen@chcrealty.ca


Robert Waxman, Chief Financial Officer
CHC Realty Capital Corp.
Telephone: (647) 288-9375
Email: rwaxman@chcrealty.ca
CHC Student Housing (TSXV:CHC)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024