Ottawa, Ontario CANADA, February 10, 2012 /FSC/ -Bruce Mitchell ("Mitchell") today announced the filing of an Amended and Restated Early Warning Report to update certain information previously contained in an Early Warning Report relating to BTB Real Estate Investment Trust ("BTB") and filed by Mitchell on May 17, 2010. On May 15, 2010, Mitchell acquired 2,055,500 Trust Units (the "Units") of BTB through the facilities of the TSX Venture Exchange at a price per Unit of $0.624. When added to the aggregate of 3,180,000 Trust Units held by Mitchell and/or which Mitchell had discretionary trading authority and control or direction over at that time the acquisition of the Units resulted in Mitchell's securityholdings of BTB being approximately 15.59% of BTB's issued and outstanding Trust Units at that time.
Mitchell acquired the above-noted securities of BTB for investment purposes. Mitchell may increase or decrease his beneficial ownership, control or direction over the securities of BTB according to market conditions and other relevant factors.
A copy of the Amended and Restated Early Warning Report can be found on SEDAR at www.sedar.com under BTB's Company Profile. In accordance with applicable securities legislation, Mitchell has also filed insider trading reports for all transactions involving securities of BTB for the period during which he was an insider of BTB.
As of the date hereof, Mitchell does not beneficially own or exercise control or direction over any Trust Units of BTB.
For further information please contact:
Bruce Mitchell
Suite 108, 42 Antares Drive
Nepean, Ontario
K2E 7Y4
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