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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Genesis Land Development Corp | TSX:GDC | Toronto | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.10 | -3.02% | 3.21 | 3.21 | 3.30 | 3.30 | 3.20 | 3.30 | 9,000 | 21:10:04 |
From Jul 2019 to Jul 2024
CALGARY, March 3, 2017 /CNW/ - Genesis Land Development Corp. ("Genesis") (TSX:GDC) is pleased to announce that it has entered into an unconditional agreement with an arms-length third party for the sale of +/- 1,477 acres of unentitled, undeveloped non-core lands owned by Genesis near the Hamlet of Delacour, Alberta. The purchase price of the lands is $9,000,000 and closing is scheduled for May 1, 2017. Genesis has received a deposit of $500,000 and expects to receive the remaining sale proceeds on closing.
"This sale substantially completes our plan to dispose of the non-core lands owned by Genesis, with the bulk of non-core assets by dollar value having been sold or contracted for sale," said Stephen Griggs, Chair and interim CEO. "We have now monetized most of our non-core assets, as we continue to focus on generating value from our Calgary area development lands and our home building business".
About Genesis
Genesis Land Development Corp. is a land developer and residential home builder in the Calgary Metropolitan Area. The Corporation's common shares are listed on the Toronto Stock Exchange (TSX: GDC).
SOURCE Genesis Land Development Corp.
Copyright 2017 Canada NewsWire
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