Genesis Land Development Corp. $9.4 million Sale of a portion of Sage Hill Crossing lands
14 September 2016 - 4:11PM
PR Newswire (Canada)
CALGARY, Sept. 13, 2016 /CNW/ - Genesis Land Development
Corp. ("Genesis") (TSX:GDC) is pleased to announce that it has
entered into a purchase and sale agreement with the City of Calgary for +/- 6.99 acres of serviced
lands located in Sage Hill Crossing, Calgary Alberta for $9,436,500 with a closing date of September 30, 2016. Genesis expects to receive
the sale proceeds on closing.
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 173; Canada NewsWire
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