REALnorth Opportunities Fund Completes the Second Closing Under its Initial Public Offering

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VANCOUVER, Feb. 5, 2015 /CNW/ - REALnorth Opportunities Fund ("REALnorth") announced today the successful completion of the second closing under its initial public offering (the "Offering"), of an additional 2,277 trust units (each, a "Unit") priced at $1,000 per Unit, for gross proceeds of approximately $2.3 million. When combined with the $10.6 million raised during the first closing in December 2014, total gross proceeds from the Offering are $12.9 million.

In addition, a further $1.8 million was privately raised prior to the Offering by REALnorth Opportunities Master Limited Partnership (the "Master Partnership") to purchase the first property in September 2014, as detailed in the final prospectus of REALnorth dated December 22, 2014 (the "Prospectus"), a copy of which is available on SEDAR at www.sedar.com.

The Offering was on a best efforts basis by a syndicate of agents co-led by Dundee Securities Ltd. and Scotia Capital Inc. and including BMO Nesbitt Burns Inc., Canaccord Genuity Corp., GMP Securities L.P., National Bank Financial Inc., Burgeonvest Bick Securities Ltd., Raymond James Ltd. and Integral Wealth Securities Limited.

As with the first closing, the gross proceeds from the today's closing will be used to purchase units in the Master Partnership. The Master Partnership will then use these funds, net of certain expenses of the Offering, for indirect investment in suitable investment and development properties in Western Canada's north.  For a further summary of the intended use of proceeds, please refer to the Prospectus.

These securities have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States of America without registration or an applicable exemption from the registration requirements of that Act. This news release does not constitute an offer for sale of these securities in the United States of America.

About REALnorth Opportunities Fund

REALnorth exclusively focuses on Western Canada's north, a region bolstered by rich resources and large projects, to invest on an opportunistic basis in revenue producing real estate assets and development properties which management believes provide attractive return potential. These properties may include industrial and commercial as well as multi-family and other residential real estate opportunities.  

Additional information relating to REALnorth, including the Prospectus and other public filings, is available on SEDAR at www.sedar.com.

Forward-Looking Information

This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects REALnorth's current expectations regarding future events. Forward-looking information is identified by the use of terms and phrases such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would" and similar terms and phrases. In particular, forward-looking statements in this news release include, but are not limited to, statements regarding: the intended use of proceeds from the Offering. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond REALnorth's control, that could cause actual results and events to differ materially from those that are disclosed in, or implied by, such forward-looking information. Such assumptions include, but are not limited to, a reasonably stable North American economy and real property market. Such risks and uncertainties include, but are not limited to, the factors discussed under "Risk Factors" in the Prospectus. The forward-looking information contained herein is made as of the date of this news release and, except as expressly required by applicable law, REALnorth assumes no obligation to publicly update or revise such information, whether as a result of new information, future events or otherwise.

SOURCE REALnorth Opportunities Fund

Stephen J. Evans (Chair), REALnorth Opportunities Fund, Suite 910 - 925 West Georgia Street, Vancouver, BC V6C 3L2, Tel: [phone]