TransactionsInterRent Real Estate Investment Trust Announces NorthWest Injunction Application Dismissed and Completion of $14 Million Private PlacementPublished: 09/03/2009 By Lindsay Clements, Robert B. Cohen, Tom Koutoulakis, Lorne Silver, Lawrence D. Wilder On September 3, 2009 InterRent Real Estate Investment Trust announced that the Superior Court of Ontario has denied a request by NorthWest Value Partners Inc. for an interim injunction. This decision allowed the $14 million private placement of units at $1.50 per unit with CLV Group Inc. to close. The private placement had been conditionally approved by the TSX, which conditional approval was upheld by the Ontario Securities Commission. Cassels Brock acted for InterRent Real Estate Investment Trust's private placement transaction with a team that included Laurie Wilder (Securities), Tom Koutolakis (Securities), Lindsay Clements (Securities) and Peter McCague (Securities). Cassels Brock also represented Interrent Real Estate Investment Trust in its litigation against NorthWest Value Partners Inc. with a team that included Lorne Silver (Litigation) and Bob Cohen (Litigation). |