On February 12, 2013, Vikram Dhir and James Speakman of our Corporate Finance & Securities Group acted on the completion of Pure Industrial Real Estate Trust’s (PIRET) $69.7 million bought deal public offering of 13,800,000 units at a price of $5.05 per unit. PIRET is listed on the TSX under the symbol AAR.UN.
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Our strata corporation has a painting that was provided by the developer as per the disclosure statement. We have had the painting appraised and found out it is worth $60,000. The strata council wants to sell it and use the money for future expenses of the strata corporation. Is this allowed?