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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Klondike Silver Corp | TSXV:KS | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.02 | 0.02 | 0.02 | 0 | 00:00:00 |
C.A. Bancorp Inc. ("C.A. Bancorp" or the "Company") (TSX:BKP) today announced that it has entered into a purchase agreement with KS Kingswood Drive Holdings Limited Partnership ("KS") pursuant to which KS will acquire C.A. Bancorp's interest in Kingswood Drive Kitchener Limited Partnership ("Kingswood") comprised of an approximate 80% limited partnership interest and a $0.6 million secured loan (the "Transaction"). The aggregate purchase price for the Transaction is $6.7 million. The Transaction remains subject to certain conditions, including, without limitation, completion of certain transaction documents and deliveries and other customary closing conditions for a transaction of this nature. It is expected that the Transaction will close on or about August 26, 2010. C.A. Bancorp has received a $1.0 million deposit in trust from KS in partial satisfaction of the purchase price for the Transaction with the balance to be paid on closing. On August 3, 2010, following the expiry of the take over bid by a wholly-owned subsidiary of Century Services LP, the Company announced that, as previously disclosed, it would seek to realize on its investments and accelerate opportunities to do so in order to return capital to shareholders. The Transaction is in furtherance of the Company's realization strategy. C.A. Bancorp Inc. C.A. Bancorp is a publicly traded Canadian merchant bank and alternative asset manager that provides investors with access to a range of private equity and other alternative asset class investment opportunities. C.A. Bancorp is focused on investments in small- and middle-capitalization public and private companies, with emphasis on the industrials, real estate, infrastructure and financial services sectors. This release includes certain forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "will", "expect", "intend", "estimate", "anticipate", "believe", "should", "plans" or "continue" or the negative thereof or variations thereon or similar terminology. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will provide to be correct. Without limiting the generality of the foregoing, there can be no assurance of any kind that the sale will be completed. These forward-looking statements are subject to a number of risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements. Reference should be made to the risk factors published in the Company's most recent management discussion and analysis and, with respect to the realization strategy, its directors circular, both of which are available at www.sedar.com. C.A. Bancorp Inc. The Exchange Tower 130 King Street West Suite 2810, P.O. Box 104 Toronto, Ontario M5X 1A4 Telephone: (416) 214-5985 Fax: (416) 861-8166
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