GARNEAU INC. ANNOUNCES SALE OF ADDITIONAL ASSETS
11 September 2010 - 7:19AM
PR Newswire (Canada)
NISKU, AB, Sept. 10 /CNW/ -- NEX - GAR.H NISKU, AB, Sept. 10 /CNW/
- Garneau Inc. ("Garneau" or the "Corporation") (GAR.H: NEX) is
pleased to announce it has sold additional assets and inventory to
two separate arms length third party purchasers for aggregate
consideration of $945,000. Garneau's Board of Directors will
continue in its efforts to liquidate the Corporation's remaining
assets and discharge the Corporation's liabilities in order to
preserve shareholder value. Copies of these documents are available
electronically at www.sedar.com. Forward-Looking Information
--------------------------- Certain information in this press
release contains forward-looking statements. These statements
relate to future events or actions. All statements other than
statements of historical fact may be forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continues",
"continuing", "expect", "may", "will", "project", "predict",
"potential", "targeting", "intend", "could", "might", "should",
"believe", "would" and similar expressions. These statements
involve substantial known and unknown risks and uncertainties,
certain of which are beyond Garneau's control. Actual events or
actions could differ materially from those expressed in, or implied
by, such forward-looking statements and, accordingly, no assurances
can be given that any of the events anticipated by the
forward-looking statements will transpire or occur or, if any of
them do, what benefits that Garneau will derive from them. Except
as required by law, Garneau undertakes no obligation to publicly
update or revise any forward-looking statements. Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00008952E Glen Garneau, Acting President and Chief
Executive Officer, Email: gleng@garneau-inc.com; Darlene
Kirkpatrick, Project and Communications Manager, Phone: (780)
955-2396, Fax: (780) 955-7715
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