CHC Realty Capital Corp.

January 05, 2015 16:37 ET

CHC Realty Capital Corp. Announces Option Grants

TORONTO, ONTARIO--(Marketwired - Jan. 5, 2015) - CHC Realty Capital Corp. ("CHC" or the "Company") (TSX VENTURE:CHC) wishes to announce that it has granted stock options to purchase a total of 6,326,928 common shares to certain directors, officers and employees of the Company effective January 1, 2015, of which 6,225,804 options were granted to directors and officers. The shares issuable upon exercise of the options represent approximately 2.3% of the Company's fully diluted issued and outstanding shares at present. Each stock option has an exercise price of $0.12, being the volume weighted average trading price of CHC's shares on the TSX Venture Exchange for the five consecutive trading days ending on and including December 31, 2014 (rounded up to the nearest cent). The stock options expire five years from the date of grant.

About CHC Realty Capital Corp.

CHC Realty Capital Corp. is an owner and operator of student housing properties which is focused on acquiring high quality properties in close proximity to universities and colleges in primary and well understood secondary markets in Canada.

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.

Contact Information

  • Mark Hansen, President and Chief Executive Officer
    CHC Realty Capital Corp.
    (647) 288-9355

    Robert Waxman, Chief Financial Officer
    CHC Realty Capital Corp.
    (647) 288-9375