Business
Canlan Ice Sports to Evaluate Alternatives for Its Real Estate Portfolio to Enhance Shareholder Value
Burnaby, British Columbia--(Newsfile Corp. - May 25, 2023) - Canlan Ice Sports Corp. (TSX: ICE) (...
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"Canlan Ice Sports to Evaluate Alternatives for Its Real Estate Portfolio to Enhance Shareholder ValueBurnaby, British Columbia--(Newsfile Corp. - May 25, 2023) - Canlan Ice Sports Corp. (TSX: ICE) (\"Canlan\" or \"the Company\") announced today that its Board of Directors (\"Board\") has initiated a process to evaluate potential alternatives with respect to its portfolio of owned real estate assets. In connection with this process, the Company has retained Scotiabank as its financial advisor to assist with the review of potential alternatives to unlock the value of its real estate holdings and ultimately maximize value for the Company's shareholders.There can be no assurance that the Company's review of alternatives regarding its portfolio of owned real estate assets will result in any change to its corporate structure, its real estate holdings or its asset base generally. At the present time, we cannot speculate on the terms, structure or timing of a transaction if one is ultimately undertaken. The Company does not expect to disclose further developments with respect to this process until the Board concludes its review of potential alternatives regarding its real estate portfolio.About CanlanCanlan is the North American leader in the development, operations and ownership of multi-purpose recreation and entertainment facilities. We are amongst the largest private sector owners and operators of recreation facilities in North America and currently own, lease and/or manage 17 facilities in Canada and the United States with a total of 49 ice surfaces, as well as five indoor soccer fields, and 20 sport, volleyball, and basketball courts. To learn more about Canlan please visit www.canlansports.com.Canlan is listed on the Toronto Stock Exchange under the symbol \"ICE\".Caution concerning forward-looking statements.Certain statements in this news release may constitute ''forward-looking'' statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements may use such words as ''may'', ''will'', ''expect'', ''believe'', ''plan'' and other si...