CHC Student Housing Corp. (TSXV:CHC) entered into a binding purchase agreement to acquire 7 additional student housing properties on August 25, 2016. In a related transaction, CHC Student Housing Corp. entered into an agreement to acquire Dundee Acquisition Ltd. (TSX:DAQ.A), thereby becoming the resulting issuer and acquiring the properties, as Canadian Student Living Group Inc. The transaction shall be financed through cash held in escrow, newly issued shares of Canadian Student Living Group Inc., mortgage financing and other potential sources of capital. The transaction is subject to the satisfaction of certain conditions including the execution of definitive documentation and, in the case of certain properties, finalizing due diligence and financing. The transaction has been unanimously approved by Board of CHC Student Housing Corp. The transaction is expected to close in November 2016. CHC Student Housing Corp. (TSXV:CHC) cancelled the acquisition of 7 additional student housing properties on August 25, 2017.