Westbridge Capital is pleased to announce that the initial closing of the private placement of units for the River Bend Income Trust has been completed at the offices of Macleod Dixon in Calgary, Alberta. Mike Meekins said, "This closing will allow for the purchase of the property and the solidification of this investment opportunity for our many unitholders. We will now set our minds to the sale of the balance of available units and the initiation of dialogue with neighbours, consultants and both the City and RM planning departments as we look to advance the River Bend property consistent with the goals established in our Offering Memorandum. We would like to thank the agents that introduced this investment vehicle to their clients and the many individual investors that saw fit to include this investment opportunity in their personal portfolios."
About Westbridge Capital
Westbridge Capital is a private equity management company. Westbridge Capital focuses exclusively on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.