05:12 PM EDT, 06/26/2024 (MT Newswires) -- AIP Realty Trust (AIP-U.V) Wednesday said it received approval from the TSX Venture Exchange to extend the closing on the second tranche of private placement of units by 30 day to July 26.

The financing consists of the issuance of up to 6-million Preferred Units - Series B Convertible, at a price of US$0.50 per Preferred Unit for aggregate gross proceeds of up to US$3 million.

An aggregate of 1.1 million Preferred Units for aggregate gross proceeds of US$550,000 have been issued under the first tranche.