ISG Announces Agreement for Sale of Ingersoll Distribution Facility

    




 TORONTO, Aug. 10, 2012 /CNW/ - ISG Capital Corporation   announced today that it has entered into an agreement to sell its  sole real estate asset, an industrial distribution facility at 311  Ingersoll Road in Ingersoll, Ontario (the "Property"). 

 The sale price of the Property is $10,532,250, which represents a  going-in yield on in place net operating income of approximately 8%.   The sale price is subject to a mortgage interest rate buy down of  $250,000 resulting in a net purchase price of $10,282,250, before  closing adjustments. 

 The sale is expected to close in the third quarter of 2012, subject to  customary closing conditions, including TSXV and shareholder approval.    An Information Circular describing the meeting date at which  shareholder approval will be sought, the sale transaction in detail and  providing information on the proposed use of sale proceeds will be  mailed to shareholders and made available at www.sedar.com in due course. 

 About ISG 

 ISG is a publicly-traded commercial real-estate company (www.isgcapital.ca).  The company is committed to creating shareholder value by incorporating  environmentally and socially responsible approaches in its growth  strategy.   

 The TSXV has neither approved nor disapproved the contents of this press  release and does not accept responsibility for its adequacy or  accuracy. 

ISG Capital Corporation


CONTACT:  David OgdenPresident and Chief Executive Officer(416) 203-7538 or [phone]www.isgcapital.ca 


    

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