03:40 PM EST - Edgefront Real Estate Investment Trust : Has waived diligence conditions to acquire an industrial property located in Prince George, British Columbia and entered into a conditional agreement to acquire another industrial property located in Prince Albert, Saskatchewan. The aggregate purchase price for the two properties of approximately $12.1 million is to be satisfied by the issuance to the vendors of approximately $5.3 million of units at an issue price of $1.90 per unit (which represents a premium to the current market price of the REIT as traded on the TSX Venture Exchange) and $6.8 million in cash to be funded from available cash and proceeds of new mortgage financings on the properties. Edgefront Real Estate Investment Trust
shares V.ED.UN are trading up $0.03 at $1.70.
