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Cassels Brock Act For The Underwriters As BTB Real Estate Investment Trust Announces Closing Of $23 Million Issue Of Convertible Debentures

Published: 07/18/2011

By Tom Koutoulakis, Sean Maniaci, Christopher B. Norton, Lawrence D. Wilder

On July 13, 2011, BTB Real Estate Investment Trust announced that closed its previously announced public offering of $23,000,000 aggregate principal amount of Series D 7.25% Convertible Unsecured Subordinated Debentures (the "Debentures"), including the underwriters' over-allotment option in respect of the Debentures which was fully exercised.  The Debentures were sold to a syndicate of underwriters led by National Bank Financial Inc. and including Canaccord Genuity Corp., Dundee Securities Ltd., GMP Securities L.P. and HSBC Securities (Canada) Inc.

Cassels Brock acted for the Underwriters with a team consisting of Lawrie Wilder (Securities), Tom Koutoulakis (Securities), Sean Maniaci (Securities) and Christopher Norton (Corporate Tax).