LATEST NEWS

RECENT AND ARCHIVED NEWS RELEASES
25 AUG 2021

Parkit to Acquire $13,250,000 Ottawa Property

Toronto, Ontario -- Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") is pleased to announce that it has agreed to acquire a class A industrial property in Ottawa.

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17 AUG 2021

Parkit Enterprise Reports 2021 Second Quarter Results

Toronto, Ontario -- Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") reported the Company's second quarter results.

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12 AUG 2021

Parkit Announces Acquisition of Neighbouring Industrial Property in Toronto, Ontario for $3.6 Million and Completion of Continuance to Ontario

Parkit Enterprise Inc.is pleased to announce the proposed purchase of a neighbouring industrial real estate asset and that it has filed its articles of continuance to continue Parkit out of the Province of British Columbia and into the Province of Ontario under the provisions of the Business Corporations Act.

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07 JUL 2021

Parkit Completes the Purchase of Ottawa Property

Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has completed its previously announced (see press release dated June 28, 2021) arm's length purchase of 415 Legget Drive, Ottawa, Ontario (the "Property").

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02 JUL 2021

Parkit Announces Grant of Options

Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), announced today that certain officers and directors have been issued an aggregate of 3,695,000 options pursuant to the Company's option plan effective June 30, 2021 with each such option being exercisable into one common share at an exercise price of $1.50 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant.

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28 JUN 2021

Parkit Announces Acquisition of $24,500,000 Ottawa Property and Change in Management

Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce the purchase of an Ottawa property and a change in management.

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26 MAY 2021

Parkit Enterprise Reports First Quarter 2021 Financial Results

Toronto, Ontario -- Parkit Enterprise Inc. (TSXV: PKT) ("Parkit", "Company" or the "Corporation"), an industrial real estate growth vehicle and parking platform, is pleased to highlight recent business activity and provides its financial results for the first quarter ended March 31, 2021.

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31 MAR 2021

Parkit Enterprise Reports Two-Month Transitional Fiscal 2020 Results

Toronto, Ontario -- Parkit Enterprise Inc. (TSXV: PKT) ("Parkit", "Company" or the "Corporation"), an industrial real estate growth vehicle and parking platform, is pleased to report the audited financial results for the two-month transitional fiscal year from November 1, 2020 to December 31, 2020 with a comparative to the audited financial statements for the twelve months ended October 31, 2020.

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18 MAR 2021

Parkit Completes $40.3 Million Bought Deal Private Placement Financing, $1.0 Million Concurrent Non-Brokered Private Placement and Completes the Purchase of Ottawa Property for Equity and Cash Consideration

Toronto, Ontario - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), is pleased to announce that it has closed its previously announced (see press releases dated March 1, 2021) bought deal private placement (the "Bought Deal Offering") and the concurrent non-brokered private placement (the "Non-Brokered Offering" and together with the Bought Deal Offering, the "Offerings") of an aggregate of 27,507,332 common shares of the Company ("Common Shares") at a price of $1.50 per Common Share.

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15 MAR 2021

Parkit Completes Acquisition of 5610 Finch Ave East

Toronto, Ontario - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has completed the previously announced acquisition of 5610 Finch Ave East (the "Property"), for an aggregate purchase price of $12,250,000 plus customary closing costs. The purchase was funded with cash on hand.

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11 MAR 2021

Parkit Announces $28.5 Million Industrial Real Estate Acquisition

Toronto, Ontario - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has agreed to acquire a property located in Ottawa, Ontario (the "Property") for an aggregate purchase price of $28,500,000, subject to customary adjustments (the "Proposed Acquisition"). The vendor of the Property, Access Self Storage Inc. (the "Vendor"), is a related party to Parkit and the Proposed Acquisition constitutes a non-arm's length transaction.

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01 MAR 2021

Parkit Announces Increase to Bought Deal Private Placement Financing of Up to $40 Million Plus $5 Million Concurrent Private Placement

Parkit Enterprise Inc. ("Parkit" or the "Company") (TSXV: PKT), is pleased to announce that it has entered into an agreement with Stifel GMP and Scotiabank as joint bookrunners and co-lead underwriters (collectively, the "Underwriters"), to increase the size of its previously announced bought deal private placement offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal private placement basis, 23,340,000 Common Shares of the Company ("Common Shares") at a price of $1.50 per Common Share, for aggregate gross proceeds of $35,010,000 (the "Offering").

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01 MAR 2021

Parkit Announces $25 Million Bought Deal Financing and $5 Million Concurrent Non-Brokered Private Placement

Parkit Enterprise Inc. (TSXV:PKT) ("Parkit" or the "Company"), an industrial real estate growth vehicle and parking platform, is pleased to announce that it has entered into an agreement with Stifel GMP and Scotiabank as joint bookrunners and co-lead underwriters (the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal private placement basis, 16,670,000 common shares ("Common Shares") of the Company at a price of $1.50 per Common Share (the "Offering Price"), for aggregate gross proceeds of $25,005,000(the "Offering").

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26 FEB 2021

Parkit Enterprise Reports Fiscal 2020 Annual Results; Embarks into Industrial Real Estate Growth Vehicle

Toronto, Ontario, February 26, 2021 – Parkit Enterprise Inc. (TSXV: PKT) ("Parkit", "Company" or the "Corporation"), an industrial real estate growth vehicle and parking platform, is pleased to report its fourth quarter and fiscal financial results for the year ended October 31, 2020.

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17 FEB 2021

Parkit Completes $69 Million Bought Deal Private Placement Financing and $15 Million Concurrent Non-Brokered Private Placement

Toronto, Ontario, February 17, 2021 – Parkit Enterprise Inc. (“Parkit” or the “Company”) (TSXV:PKT) (OTC:PKTEF), is pleased to announce that it has closed its previously announced (see press releases dated January 26, 2021) bought deal private placement (the "Bought Deal Offering") and the concurrent non-brokered private placement (the "Non-Brokered Offering" and together with the Bought Deal Offering, the "Offerings") of an aggregate of 88,421,058 common shares of the Company ("Common Shares") at a price of $0.95 per Common Share.

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26 JAN 2021

Parkit Announces Increase to Bought Deal Private Placement Financing to $60 Million

TORONTO, Jan. 26, 2021 - Parkit Enterprise Inc., is pleased to announce that it has entered into an agreement with Stifel GMP and Scotiabank as joint bookrunners on their own behalf and on behalf of a syndicate of underwriters, to increase the size of its previously announced bought deal private placement offering.

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26 JAN 2021

Parkit Announces $50 Million Bought Deal Private Placement Financing and up to $15 Million Concurrent Private Placement

PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit"), is pleased to announce that it has entered into an agreement with Stifel GMP and Scotiabank as Joint-Bookrunners on their own behalf...

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25 JAN 2021

Parkit Enterprise Announces Purchase of 5610 Finch Ave East

PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit"), is pleased to announce that it has entered into an asset purchase agreement, with a private company, pursuant to which Parkit has agreed to purchase one property, located at 5610 Finch Ave East, Toronto, Ontario

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