Lakeview Hotel REIT announces Purchase of Units by LHL Holdings Ltd.
28 Julio 2012 - 10:38AM
PR Newswire (Canada)
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO
U.S NEWS WIRE SERVICES/ WINNIPEG, July 31, 2012 /CNW/ - Lakeview
Hotel Real Estate Investment Trust ("Lakeview REIT") announced
today that LHL Holdings Ltd. ("LHL") of 600-185 Carlton Street,
Winnipeg, Manitoba, R3C 3J1 has, through a series of transactions
between June 14, 2012 and July 31, 2012 acquired an aggregate of
407,500 Class A units of Lakeview REIT through the facilities of
the TSX Venture Exchange. The weighted average purchase price
of the Units is $0.3324 per Unit. As a result, LHL owns or
controls, along with those parties acting jointly or in concert
with it, including Lakeview Management Inc., 11,094,885 Units or
securities convertible into Units of the Lakeview REIT representing
56.07% of the outstanding Units. A copy of the early warning report
will be available on SEDAR at www.sedar.com. Lakeview REIT is a
real estate investment trust, which is listed on the TSX Venture
Exchange under the symbol "LHR.UN". Lakeview REIT receives
income from ownership, management and licensing of hotel
properties. For further information on Lakeview REIT please
visit our website www.lakeviewreit.com. Neither TSX Venture
Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Lakeview Hotel Real Estate Investment Trust CONTACT: Keith Levit,
President, or Avrum Senensky, Executive VicePresidentTel: (204)
947-1161, Fax: (204) 957-1697,Email asenensky@lakeviewhotels.com
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