Fronsac Real Estate Investment Trust

Fronsac Real Estate Investment Trust

April 13, 2016 16:56 ET

Fronsac Real Estate Investment Trust: Annual Meeting and Grants of Options

MONTREAL, QUEBEC--(Marketwired - April 13, 2016) - (TSX VENTURE:GAZ.UN) Fronsac Real Estate Investment Trust ("Fronsac REIT") is pleased to announce that the annual meeting of its units holders will be held on May 24 2016 at the Hotel Rive Gauche - Refuge Urbain, salon Les Érables, 1810 Richelieu, Beloeil at 11:00 A.M. (Montreal time).

Fronsac REIT also announce that, as per its option plan, Mr. Michel Lassonde and Mr. Jason Parravano have been granted today, as part of their remuneration, options to subscribe respectively to 450,000 and 100,000 units of the Trust, at a price of 0,38 $ per unit. The expiration date of the options is April 13, 2026.

About Fronsac - Fronsac Real Estate Investment Trust is an open-ended trust that acquires and owns high quality commercial real estate properties situated along highways or frequently travelled routes, rented to strong tenants under long term, management free and net leases. These properties are occupied by tenants within the following sectors; (1) Fast food chains, (2) Major oil/gas companies and (3) Convenience store chains.

Forward-Looking Statements - This press release contains forward-looking statements and information as defined by applicable securities laws. Fronsac warns the reader that actual events may differ materially from current expectations due to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from the results anticipated in such statements. Among these include the risks related to economic conditions, the risks associated with the local real estate market, the dependence to the financial condition of tenants, the uncertainties related to real estate activities, the changes in interest rates, the availability of financing in the form of debt or equity, the effects related to the adoption of new standards, as well as other risks and factors described from time to time in the documents filed by Fronsac with securities regulators, including the management report. Fronsac does not update or modify its forward-looking statements even if future events occur or for any other reason, unless required by law or any regulatory authority.

Neither the TSX Venture Exchange Inc., nor its Regulatory Services Provider (as that term is defined in the Policy of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this release.

Contact Information

  • Michel Lassonde
    (450) 536-5328