Regent closes 10-unit buy at Connaught at Griesbach

Executive Summary

• Regent Pacific Properties Inc. completed the acquisition of the remaining six condominium units in the Connaught at Griesbach project in Edmonton, Alberta, bringing the total number of acquired units to 10.
• The final tranche of six units was purchased for $1,987,000, financed via $887,000 of existing deposits and a $1.1-million mortgage.
• The total aggregate purchase price for all 10 units is $3,042,000, resulting in an initial equity position of approximately 43%, with the remaining deposit balance of $3,917 to be refunded.

Key Details

• Transaction Completion: Acquisition of the remaining six Griesbach units completed on July 2, 2025.
• Seller: 1784338 Alberta Ltd., a non-arm's-length party indirectly majority owned by Eddie Yu (CEO, Director, and Majority Shareholder).
• Final Tranche Financials:
  • Purchase Price: $1,987,000.
  • Financing: $887,000 from company deposit held by seller; $1,100,000 mortgage.
• Total Portfolio Financials (10 Units):
  • Total Aggregate Purchase Price: $3,042,000.
  • Total Financing: $1,298,493 from company deposit; $1,743,758 in total aggregate mortgages.
  • Initial Equity Position: Approximately 43%.
• Deposit Refund: The total deposit held by the seller was $1,303,888; the unused balance of $3,917 will be refunded to the company.
• Regulatory Status: Classified as a related-party transaction under TSX Venture Exchange policies and Multilateral Instrument 61-101. Exempt from formal valuation and minority shareholder approval requirements under MI 61-101 Section 5.5(b) and Section 5.7(1)(b) due to the company's listing status (TSX-V only) and transaction value not exceeding $2.5 million.

Notable Quotes

• "The company believes this strong equity position provides it resilience in the event of market volatility and reflects a prudent and responsible approach to capital deployment."