Redex Inc.: Purchase of 755, Boulevard Montpellier, in St-Laurent.MONTREAL Montreal (mŏn'trēôl`), Fr. Montréal (môNrāäl`), city (1991 pop. 1,017,666), S Que., Canada, on Montreal island, surrounded by St. Lawrence River and Rivière des Prairies. -- Redex inc.(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:RDX RDX Cyclotrimethylenetrinitramine (CAS Number 121-82-4) Rdx Radixin RDX Russian Depositary Index RDX Research and Development Explosive (less common) RDX Hexahydro-Trinitro-Triazine ), a real estate management company located in the city of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. , is proud to announce the purchase, through a subsidiary, of the building located at 755, boulevard Montpellier, in St-Laurent, Quebec (the "Building"). The Building, of a rental area of 6,110.10 sq.m., has been acquired for the price of seventeen million dollars ($17,000,000) (the "Purchase Price"). The Purchase Price is financed by a hypothecary loan from Societe Financiere MCAP MCAP Market Capitalization (public company valuation method) MCAP Monterey County AIDS Project (Monterey, CA) MCAP Manned/Unmanned Common Architecture Program (US Army AH-64 helicopter) for an amount of thirteen million six hundred thousand dollars ($13,600,000), at the annual floating interest rate established on the bankers acceptances plus four hundred points per year. The Purchase Price is also financed by a participating loan of one year with a private lender, Mr. Jean-Guy Dumoulin, for an amount of five hundred thousand dollars ($500,000), bearing an annual interest rate of twelve and a half per cent (12.5%) and, in the case where a unit of the Building is sold as a divided or undivided UNDIVIDED. That which is held by the same title by two or more persons, whether their rights are equal, as to value or quantity, or unequal. 2. Tenants in common, joint-tenants, and partners, hold an undivided right in their respective properties, until co-ownership or cooperative, an amount equivalent to two and one half per cent (2.5%) of profits generated by the net sale, after all applicable taxes, of each unit shall be payable. Finally, the Purchase Price is also financed by a secured loan of one year with a private lender, Placements Fraine inc., for an amount of two million seven hundred thousand dollars ($2,700,000.00), carrying an annual interest rate of twelve and a half per cent (12.5%) and, in the case where a unit of the Building is sold as divided or undivided co-ownership or cooperative, an amount equivalent to sixteen per cent (16%) of profits generated by the net sale, after all applicable taxes, of each unit shall be payable. Within the framework of this acquisition, a real estate brokerage commission of seventy-five thousand dollars ($75,000) is payable to 9063-0906 Quebec inc. (Services de courtage Lessard). The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. REDEX INC. (TSX VENTURE:RDX) |
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