REALnorth Opportunities Fund files preliminary prospectus for initial public offering

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, Nov. 17, 2014 /CNW/ - REALnorth Opportunities Fund ("REALnorth") announced today that it has filed, and obtained a receipt for, a preliminary prospectus for the initial public offering (the "Offering") of trust units ("Units") with the securities commissions of all provinces in Canada other than Quebec. Under the Offering, a maximum of 30,000 Units ($30,000,000) and a minimum of 18,000 Units ($18,000,000) are being offered at a price of $1,000 per Unit.

The Offering is 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 Limited, Raymond James Ltd. and Integral Wealth Services Limited.

The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province. Copies of the preliminary prospectus will be available on SEDAR at www.sedar.com.

Completion of REALnorth's initial public offering is subject to, and conditional upon, the receipt of all necessary approvals, including regulatory approvals.

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 preliminary prospectus and other public filings, will be 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. 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 risks and uncertainties include, but are not limited to, failure to complete the initial public offering of Units and related transactions, and the factors discussed under "Risk Factors" in the preliminary prospectus of REALnorth dated November 14, 2014. 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]