/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES./
TORONTO, Nov. 25, 2014 /CNW/ - NorthWest
International Healthcare Properties Real Estate Investment Trust
(TSXV: MOB.UN) (the "REIT") announced today the closing of its
previously announced offering of 13,954,000 trust units of the
REIT (the "Units"), at a price of $2.15 per Unit for gross proceeds of $30,001,100 (the "Offering"). The Offering
was conducted on a bought deal basis by a syndicate of underwriters
co-led by National Bank Financial Inc., GMP Securities L.P. and BMO
Capital Markets, acting as joint bookrunners, and including,
Canaccord Genuity Corp., Scotia Capital Inc., Dundee Securities
Ltd., Raymond James Ltd., Manulife Securities Incorporated,
Laurentian Bank Securities Inc., Mackie Research Capital
Corporation and All Group Financial Services Inc. (collectively,
the "Underwriters").
The REIT has granted the Underwriters an over-allotment option
exercisable at any time up to the date that is 30 days from the
date of closing of the Offering to offer for sale up to an
additional 2,093,100 trust units on the same terms and
conditions.
The REIT will use the net proceeds of the Offering for repayment
of debt and for general trust purposes.
About NorthWest International Healthcare Properties
Real Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment
trust established under the laws of the Province of Ontario.
The REIT's objectives are to: (i) provide its unitholders with
stable and growing cash distributions from investments focused on
international healthcare properties, on a tax efficient basis; (ii)
enhance the value of the REIT's assets and maximize long-term unit
value; and (iii) expand the asset base of the REIT.
Forward Looking Information
This news release contains "forward-looking statements" within
the meaning of applicable securities laws, including the statements
regarding the proposed use of the net proceeds from the Offering.
These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to
differ materially from current expectations, including the risk
that the net proceeds from the Offering will not be used as
expected. The statements in this news release are made as of the
date of this release and, except as expressly required by
applicable law, the REIT assumes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Although the REIT believes
that the assumptions inherent in the forward-looking statements are
reasonable, forward-looking statements are not guarantees of future
performance and, accordingly, readers are cautioned not to place
undue reliance on such statements due to the inherent uncertainty
therein. A discussion of the risk factors applicable to the REIT is
contained under the heading "Risk Factors" in the REIT's annual
information form dated April 23, 2014
and audited consolidated financial statements and management's
discussion and analysis for the year ended December 31, 2013, copies of which may be
obtained on the SEDAR website at www.sedar.com.
These securities have not been and will not be registered
under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act"), or any state securities laws and may not be
offered or sold in the United
States or to U.S. persons except in compliance with the
registration requirements of the U.S. Securities Act and applicable
state securities laws or pursuant to an exemption therefrom.
Accordingly, this news release does not constitute an offer for
sale of securities in the United
States.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE NorthWest International Healthcare Properties REIT