TORONTO,
Nov. 29, 2013 /CNW/ - Edgefront
Realty Corp. ("Edgefront") (TSXV: ED) is pleased to provide
an update on its agreement, previously announced on November 1, 2013, to purchase a portfolio of 10
industrial properties located in Alberta, Saskatchewan, British Columbia and the Northwest Territories which will be a Reverse
Takeover (as that term is defined in TSXV Policy 5.2).
Edgefront has submitted documentation regarding the transaction to
the TSX Venture Exchange ("TSXV") seeking conditional
approval, and Edgefront expects to mail its information circular on
or around December 5, 2013.
About Edgefront
Edgefront is a growth oriented real estate
company focused on increasing shareholder value through the
acquisition, ownership and management of industrial properties
located in primary and secondary markets in North America, with an initial focus on
Western Canada. It is the
intention of Edgefront to expand its business of purchasing, owning
and operating real estate assets and to convert into a real estate
investment trust having an external asset management structure,
subject to receipt of all necessary approvals, including that of
the TSXV.
Cautions Regarding Future Plans and Forward
Looking Information
Completion of the proposed transaction is
subject to a number of conditions, including TSXV acceptance and
shareholder approval. The transaction cannot close until the
required shareholder approval is obtained. There can be no
assurance that the transaction will be completed as proposed or at
all.
Investors are cautioned that, except as
disclosed in the management information circular to be prepared in
connection with the transaction, any information released or
received with respect to the proposed transaction may not be
accurate or complete and should not be relied upon. Trading
in the securities of Edgefront should be considered highly
speculative.
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.
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 Edgefront. Although Edgefront believes
that such information is reasonable, it can give no assurance that
such expectations will prove to be correct.
SOURCE Edgefront Realty Corp.