MISSISSAUGA, ON, Dec. 21, 2016 /CNW/ - Temple Hotels Inc.
("Temple") (TSX: TPH) is pleased to announce additional information
regarding the participation of the insiders of Temple in the rights
offering (the "Rights Offering") of Temple that closed on
December 14, 2016.
Pursuant to the basic subscription privilege under the Rights
Offering, 45,207,688 common shares of Temple ("Common Shares") were
distributed at a price of $0.6769 per
Common Share. Of these Common Shares, 31,109,168 were distributed
to persons who were insiders of Temple before the distributions
under the Rights Offering or became insiders of Temple as a result
of the distributions under the Rights Offering and 14,098,520
Common Shares were issued to the remaining subscribers under the
basic subscription privilege.
Pursuant to the additional subscription privilege under the
Rights Offering, 28,658,467 Common Shares were distributed. Of
those Common Shares, 25,852,073 were distributed to persons who
were insiders of Temple before the distributions under the Rights
Offering or became insiders of Temple as a result of the
distributions under the Rights Offering and 2,806,394 Common Shares
were issued to the remaining subscribers under the additional
subscription privilege.
ABOUT TEMPLE
Temple is a real estate investment company listed on the TSX
under the symbols TPH (common shares), TPH.DB.C, TPH.DB.D, TPH.DB.E
and TPH.DB.F (convertible debentures). Temple invests in
hotel properties and assets across Canada, wholly-owning a portfolio of 29 hotel
properties, comprising 3,870 rooms, and participating in 50% of the
earnings from two additional hotels, comprising 299 rooms.
For further information on Temple, please visit our website at
www.templehotels.ca.
SOURCE Temple Hotels Inc.