NewNorth announces conditional sale of property in Fort McMurray
May 26 2012 - 9:49PM
PR Newswire (Canada)
CALGARY, May 30, 2012 /CNW/ - NewNorth Projects Ltd. ("NewNorth")
today announced that a conditional agreement for sale has been
signed for a commercial property in Fort McMurray, Alberta.
The property is held in a partnership called the Riviera Suites
Hotel Limited Partnership and NewNorth holds a 50% interest in the
partnership. The transaction is expected to be
completed in the third quarter of 2012. The property is located at
8124 Franklin Avenue in Fort McMurray, Alberta and is 1.087 acres
in size. NewNorth is an integrated land and building development
Corporation operating in Alberta and the Northwest Territories.
Neither the 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. The contents of this release have not
been approved or disapproved by any securities authority or stock
exchanges. NewNorth Projects Ltd. CONTACT: Mr. Greg N. Herndier,
Chief Executive Officer or Mrs. ShannonCook,Controller at
(403)531-0280
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