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EN
Margaux REIT Announces Closing of Brokered Private Placement of Secured Debentures and First Tranche of Non-Brokered Private Placement of Units
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The Kingston Whig-Standard
Closing of Unit Offering Under the First Tranche Closing, the REIT issued 788,475 units (“Units“), at a price of $1.30 per Unit, for aggregate gross proceeds of $1,025,017.50.
Each Unit consists of one (1) trust unit of the REIT (a “Trust Unit“) and one-half of one Trust Unit purchase warrant (each whole warrant, a “Warrant“), resulting in the issuance of an aggregate of 788,475 Trust Units and 394,234 Warrants.
Each Warrant is exercisable to acquire one additional Trust Unit at a price of $1.50 per Trust Unit for a period of twenty-four (24) months from the date of issuance.
The Debenture Offering closed concurrently with the First Tranche Closing on July 31, 2026 (the “Closing Date“).
The Debentures mature on the date that is thirty-six (36) months from the Closing Date (the “Maturity Date“).