January 23, 2008.
Dear Members and Prospective Members,
The BC Securities Commission has required that the IGW REIT's Offering Memorandum be updated before any new subscriptions are processed.
Our lawyers are currently updating this information and in discussions with the Commission. We hope that they will complete matters to the Commission's satisfaction within the week.
Upon receiving notice from the Commission, I will, of course, immediately inform you via e-mail.
For those of you who have contacted us wishing to subscribe before the upcoming revaluation on February 1st, rest assured that once we have satisfied the Commission we will do our best to honour your intention to subscribe at the current rate of $1.059 per Unit.
It has always been our intention to comply with applicable securities policies and regulations, and in that spirit our staff and legal counsel are devoting significant resources and attention to this matter with the aim of resolving it quickly.
We regret any inconvenience this interruption may cause you. If you have questions, feel free to call me, or Hans McFarlane, our Director of Member Services, at 1-877-772-8836 and we will be happy to speak with you personally.
Sincerely,
Adam D. Gant
CEO & Co-Founder
League Assets Corp.
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