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Burnaby, British Columbia--(Newsfile Corp. - September 27, 2021) - Canlan Ice Sports Corp. (TSX: ICE), industry-leading providers of recreational sports complexes across North America, announced today that it has completed the sale of its four-pad ice facility, called Les 4 Glaces, located in Brossard, Quebec, for $7.48 million. A local group has purchased the land and building and is expected to redevelop the 5.7-acre property into a commercial business.
The complex was closed in May 2019 after serving the south shore community since 1985, Canlan having acquired the property in 1994.
The proceeds of the sale will be used to replenish our cash reserves.
Canlan Ice Sports Corp is the North American leader in the development, operations and ownership of multi-purpose recreation and entertainment complexes. We are the largest private sector owner and operator of recreational ice, turf and court sports facilities with 18 complexes in Canada and the United States with 49 ice surfaces, as well as seven indoor soccer fields and 16 sport, volleyball and basketball courts.
Canlan Ice Sports Corp. is listed on the Toronto Stock Exchange under the symbol "ICE."
Caution concerning forward-looking statements
This document contains forward-looking statements, which may be identified by words like "expects", "anticipates", "plans", "intends", "indicates" or similar expressions. These statements are not a guarantee of future performance and are inherently subject to risks and uncertainties. The Company's actual results could differ materially from those currently anticipated due to a number of factors set forth in reports and other documents filed by the Company with Canadian securities regulatory authorities from time to time.
For more information:
Canlan Ice Sports Corp.
Michael F. Gellard
Executive Vice President
604 736 9207
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97800