HALIFAX, NS, May 25, 2021 /CNW/ - ViveRE Communities Inc.
(TSXV: VCOM) ("ViveRE" or the "Company") announces
that it is changing its name to NexLiving Communities Inc.
and its trading symbol from "VCOM" to "NXLV".
Effective at the start of trading on May
28, 2021, NexLiving Communities Inc. ('NexLiving")
will commence trading on the TSX Venture Exchange under the new
symbol "NXLV".
There is no change in the share capital of the Company. The
Company's new CUSIP number is 65344P102 and its new ISIN number is
CA65344P1027. No further action is required by existing
shareholders with respect to the name change. Certificates
representing common shares of the Company will not be affected by
the name and symbol change and will not need to be exchanged.
Michael Anaka, President and CEO
of ViveRE states. "This name change more accurately reflects the
nature and purpose of our Company. Our properties are the 'next
home' for the growing 55+ active living demographic and address
their needs for freedom, convenience and quality".
ViveRE continues to execute its plans to acquire recently built
or refurbished, highly leased multi-residential properties in
bedroom communities across Canada.
The Company aims to satisfy the needs of the newly emerging 55+
resident. The demographic that has changed the world is now
changing the way residential rental apartments cater to their
requirements. Their desire for community, along with service,
quality and convenience has led to the emergence of the 55+ active
living segment. Apartments are the next "home", after years of
owning they look forward to the carefree lifestyle provided through
renting in a community of their peers. ViveRE intends to
consolidate this emerging market niche. The Company currently
owns 533 units in New Brunswick
and Ontario. ViveRE has also
developed a robust pipeline of qualified properties for potential
acquisition. By screening properties identified to match the
criteria set out by the Company (proximity to healthcare,
amenities, services and recreation), management has identified a
significant pipeline of potential acquisitions for consideration by
the Company's Board of Directors.
Forward-looking statements
This news release contains forward-looking statements
relating to the future operations of ViveRE and other statements
that are not historical facts. Forward-looking statements are often
identified by terms such as "aims", "intends", "will", "may",
"should", "anticipate", "expects" and similar expressions. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
the future plans and objectives of ViveRE Communities Inc, are
forward-looking statements that involve risks and uncertainties,
and are necessarily based on a number of assumptions that, while
considered reasonable by management, are inherently subject to
business, market and economic risks, uncertainties and
contingencies that may cause actual results, performance or
achievements to be materially different from those expressed or
implied by forward-looking statements. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from ViveRE Communities Inc.'s expectations
include other risks detailed from time to time in the filings made
by ViveRE Communities Inc. with securities regulators.
Forward-looking information in this news release includes
expectations relating to: the pipeline for future acquisitions
which may be impacted by ViveRE's ability to negotiate suitable
terms, due diligence, access to capital and market conditions;
operating results which may be impacted by unexpected vacancies and
maintenance expenses; availability of capital which may be impacted
by capital market and borrowing conditions.
The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of ViveRE Communities Inc. The reader
is cautioned not to place undue reliance on any forward-looking
information. 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.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and ViveRE Communities Inc.
will only update or revise publicly the included forward-looking
statements as expressly required by Canadian securities
law.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this press
release.
SOURCE ViveRE Communities Inc.