VANCOUVER, BC, April 13,
2022 /CNW/ - Pathfinder Ventures Inc.
(TSXV: RV) (the "Corporation," "PVI" or "Pathfinder.") is pleased
to announce that it has closed the transaction previously announced
on December 14, 2021, involving the
1.892-acre property adjacent to its existing Pathfinder Camp Resort
location in Agassiz B.C.
The Pathfinder Camp Resorts location in Agassiz is fully operational with 32 full
hookup RV sites and 8 fully furnished cabins. The property was
acquired in 2020 and underwent major renovations and improvements
before opening under the Pathfinder Camp Resorts brand in
May 2021.
Transaction Details
The purchase of the property is with an arms-length party to
acquire a 100% interest in a 1.892-acre property adjacent to its
existing Pathfinder Camp Resort location in Agassiz B.C. for an aggregate purchase price
of $750,000 in cash (excluding
closing costs).
Construction Timeline and
Details
The acquisition may provide the Pathfinder Camp Resorts'
Agassiz B.C. location with up to
25 new, full hookup RV sites. Once land-use applications are
approved and rezoning is complete, Pathfinder will begin its
redevelopment of the property. The company estimates the
construction to begin Fall 2022 and the project to be completed
later in 2023.
"This property offers significant growth potential for our newly
renovated Pathfinder Camp Resort in Agassiz B.C. We have the
staffing and amenities in place, so we will plan to develop most of
the 1.892 acres into additional RV campsites offering full hook-up
connections for our customers," said Joe Bleackley, Founder and
CEO.
About Pathfinder Ventures
Pathfinder Ventures Inc. is developing a network of premier
branded, upscale, and family-friendly RV parks and campgrounds
under the "Pathfinder Camp Resorts" name. Pathfinder
currently has three camp resorts located in B.C. and is focused on
growing its network through both acquisitions and new
construction. The Corporation is taking advantage of the
rapidly growing market of Canadians who want to experience the
great outdoors in an RV.
On behalf of the board of
directors of the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
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. No stock exchange, securities commission
or other regulatory authority has approved or disapproved the
information contained herein.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in the
United States. The securities have
not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold
within the United States or to U.S. persons unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
Forward-Looking Information
Cautionary Statement
This news release contains forward-looking statements
relating to the future operations of the Corporation and other
statements that are not historical facts. Forward-looking
statements are often identified by terms such as "will", "may",
"should", "anticipate", "expects" and similar expressions. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
the future plans and objectives of the Corporation, are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
the Corporation's expectations include risks detailed from time to
time in the filings made by the Corporation with securities
regulations.
The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Corporation. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
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forward-looking statements contained in this news release are made
as of the date of this news release. Except as required by law, the
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to revise any forward-looking statements that are contained or
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SOURCE Pathfinder Ventures Inc.