/NOT FOR DISSEMINATION IN THE
UNITED STATES OR THROUGH UNITED STATES NEWSWIRES/
TSX VENTURE : TGP.H
VANCOUVER,
April 4, 2014 /CNW/ - TG
Residential Value Properties ("the Company") (TSX
VENTURE:TGP.H) is pleased to announce the successful completion of
its non-brokered private placement ("Private Placement") of Class
"A" Common Shares ("Shares") of the Company for aggregate gross
proceeds equal to $230,000. The
shares were priced at $0.11. Certain
parties received finder's fees in connection with the Private
Placement in the amount of $11,500 in
cash.
The Shares issued pursuant to the Private Placement are subject
to a four month hold period in Canada.
About TG Residential
TG Residential Value Properties Ltd. Is a Capital Pool Company that
intends to seek opportunities to acquire multifamily residential
property in North America,
specifically in Winnipeg and the
Dallas Fort Worth area of
Texas. The Company announced a
Qualifying Transaction on February 1,
2013 but had not completed the transaction as of
February 27, 2014 and as a result it
sought a listing on the NEX.
The Company's investment approach will be to grow through the
acquisition undervalued properties in areas of potential population
and job growth. Potential acquisition targets may be in private or
public companies in a variety of markets, thereby allowing for
diversification. Acquisition of all or a majority of the ownership
of each such property is preferred. Value will be created by
seeking out properties where higher revenues can be achieved
through physical upgrades and re-positioning in the surrounding
marketplace.
Note Regarding Forward Looking Information
Certain information in this news release constitutes
forward-looking information under applicable securities law. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
information. Forward-looking information is often identified by
terms such as "may", "should", "anticipate", "expect", "intend" and
similar expressions. Forward-looking information in this news
release include, but are not limited to, information with respect
to the completion Company's business strategy and related
transactions. Forward-looking information necessarily involve known
and unknown risks, including, without limitation, risks that
required regulatory approval are not obtained on terms satisfactory
to the parties and required conditions are not met; inability to
access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable terms;
industry and government regulation; changes in legislation, income
tax and regulatory matters; the ability of the Company to implement
its proposed corporate strategy; competition; currency and interest
rate fluctuations; and other risks. Readers are cautioned that the
foregoing list is not exhaustive. Readers are further cautioned not
to place undue reliance on forward-looking information as there can
be no assurance that the plans, intentions or expectations upon
which they are placed will occur. Such information, although
considered reasonable by management at the time of preparation, may
prove to be incorrect and actual results may differ materially from
those anticipated. The forward-looking information in this news
release is based on certain key expectations and assumptions made
by the Company, including expectations and assumptions concerning
its business strategy and the satisfaction of other conditions to
the completion of any related transactions. Forward-looking
information contained in this news release is expressly qualified
by this cautionary statement.
The forward-looking statements contained in this press release
are made as of the date hereof and TG Residential Value Properties
Ltd. undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws. Neither the TSX Venture Exchange nor
its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE TG Residential Value Properties Ltd.