BTB Real Estate Investment Trust

BTB Real Estate Investment Trust

September 10, 2008 18:26 ET

BTB REIT Grants 595,000 Unit Purchase Options to Its Officers and Trustees

MONTREAL, QUEBEC--(Marketwire - Sept. 10, 2008) - BTB Real Estate Investment Trust (TSX VENTURE:BTB.UN) (TSX VENTURE:BTB.DB.B) ("BTB") has granted on September 8, 2008, under its current unit option plan, options to purchase units to its officers and trustees.

The board of trustees granted a total of 595,000 options to purchase units. The exercise price of the options has been set at $1.11 per unit, being the closing price of the BTB's units on September 8, 2008 upon closing of the markets.

These 595,000 unit purchase options have been granted and distributed as follows:

Jocelyn Proteau Chairman of the Board of Trustees 150,000
Normand Beauchamp Trustee 80,000
Jean-Pierre Janson Trustee 80,000
Richard Lord Trustee 80,000
Luc Lachapelle Trustee 80,000
Michel Leonard President, Chief Executive Officer
and Trustee 50,000
Peter Polatos Vice President Real Estate Management
and Trustee 50,000
Benoit Cyr Vice President and Chief Financial Officer 25,000

These options can be exercised until September 8, 2013. Each option allows its holder to subscribe to one BTB unit.

The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • BTB Real Estate Investment Trust
    Mr. Michel Leonard
    President and Chief Executive Officer
    514-286-0188 # 228