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     971  0 Kommentare HHT Investments Inc. Mails Information Circular Regarding REIT Conversion - Seite 3

    Laurentian Bank Securities Inc. (the "Agent") has agreed to act as agent for the proposed Prospectus Offering pursuant to the terms and conditions of an engagement agreement (the "Engagement Agreement") between the Corporation and the Agent. The Engagement Agreement will be replaced by an agency agreement concurrently with the filing of the final prospectus for the Prospectus Offering.

    In connection with the Prospectus Offering, the REIT shall grant to the Agent non-transferable warrants (the "Compensation Warrants") to purchase up to an aggregate of 500,000 Units at a price of $0.17 per Unit, exercisable for a period of two (2) years from the date of issuance. In addition, the REIT has agreed to pay the Agent a cash commission equal to 7.0% of the gross proceeds from the sale of the Units and Convertible Debentures under the Prospectus Offering. Also, the Corporation has previously paid to the Agent a structuring fee in the amount of $10,000 at the time of execution of the Engagement Agreement.

    The net proceeds from the Prospectus Offering will be used by the REIT to acquire the Properties and for general trust purposes.

    Neither the Units nor the Convertible Debentures offered have been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of Units or Convertible Debentures in any jurisdiction in which such offer, solicitation or sale would be unlawful.

    Information Circular Disclosure Changes

    For purposes of providing clarification with respect to certain disclosure in the Information Circular, the rules of the TSXV require that the two resolutions approving the Unit Option Plan and Long Term Incentive Plan, respectively, each receives the affirmative vote of a majority of the votes cast at the Meeting excluding votes attaching to Shares beneficially owned by (i) Insiders to whom Unit Options may be granted under the Unit Option Plan and Insiders to whom Restricted Units and Deferred Units may be granted under the Long Term Incentive Plan, respectively and (ii) associates of the Persons referred to in (i).

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    HHT Investments Inc. Mails Information Circular Regarding REIT Conversion - Seite 3 TORONTO, ONTARIO--(Marketwired - Feb. 10, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES HHT Investments Inc. (TSX VENTURE:HHT) (the "Corporation"), a capital pool company …