trending Market Intelligence /marketintelligence/en/news-insights/trending/CuR5X-gy5M33m4qWP1eZcw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Fronsac REIT raises C$5M in private placement

Corporate America Not Likely To Unwind COVID-19 Debt Buildup Despite Credit Hits


M&A rebound sparks optimism for near-term deal activity


Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Fronsac REIT raises C$5M in private placement

Fronsac REITraised roughly C$5.0 million in a just-completed of 12,820,512 units.

The units, which were issued to investors at 39 Canadiancents apiece, are subject to a hold period ending Nov. 15.

The company will use the proceeds for acquisitions andworking capital purposes.

Board membersMichael Zakuta, Guy Laframboise, Richard Chicoine and Francois-Olivier Laplanteparticipated in the offering. Zakuta subscribed for 970,000 units throughZ-Corp Financial 2007 Ltd., Laframboise subscribed for 1,089,744 units throughLaframboise Holding Inc., Chicoine subscribed for 128,206 units through GestionImmobiliere MSC Inc. and Laplante subscribed for 1.0 million units. Thesubscriptions bring the percentage of units held by Zakuta, Laframboise,Chicoine and Laplante to 7.2%, 7%, 2.5% and 1.7%, respectively.