November 1, 2016 / 7:32 PM / a year ago

BRIEF-True North Commercial REIT announces $25 mln Equity Offering

Nov 1 (Reuters) - True North Commercial REIT:

* True North Commercial REIT says to sell on a bought deal basis 3.9 million trust units of reit at a price of $6.35 per trust unit

* To use net proceeds of offering to fund potential future acquisitions,to repay indebtedness owing under existing credit facilities

* True North Commercial Real Estate Investment Trust announces $25 million equity offering and key 272,700 sq. ft. Lease renewal with its largest tenant-the federal government of Canada Source text for Eikon: Further company coverage:

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