Homburg Invest Inc. announces acquisition of 13,127,042 shares by Homburg Group

Mr. Homburg also noted that HII previously announced on 15 October 2008, that it had acquired regulatory approval to launch a normal course issuer bid. HII does not feel that current market prices reflect the underlying value of HII and therefore has acquired regulatory approval to acquire 10% of Class A Shares and up to 5% of Class B Shares. Under the Exchange Rules and Policies, Homburg Invest is entitled to purchase up to a maximum of 47,538 Class... 

Homburg Invest Inc. announces cancellation of proposed Cedar joint venture

Mr. Richard Homburg, Chairman and CEO of Homburg Invest Inc. announces that the previously reported proposed joint venture with Cedar Shopping Centres Inc. (“Cedar”) to purchase 32 properties has been cancelled. Mr. Homburg states that: “HII had substantially completed its due diligence in respect of the proposed joint venture, however recent unprecedented financial events have caused the virtual collapse of world capital...