By Sheri Kasprzak
New York, May 30 - Carlton Trail Properties Ltd. intends to raise C$1 million in a private placement of class C preferred units.
The company issued 100,000 of the preferred units at C$10.00 apiece.
The proceeds will be used for real estate acquisitions.
The deal is expected to close July 15.
Based in Calgary, Alta., Carlton Trail Properties acquires and develops real estate properties.
| Issuer: | Carlton Trail Properties Ltd.
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| Issue: | Class C preferred units
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| Amount: | C$1 million
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| Units: | 100,000
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| Price: | C$10.00
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| Warrants: | No
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| Pricing date: | May 29
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| Settlement date: | July 15
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| Stock symbol: | TSX Venture: CTP
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| Stock price: | C$0.105 at close Sept. 19, 2005 (last trade)
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