Business
Canlan Purchases Three-Pad Arena in Fort Wayne, Indiana
Burnaby, British Columbia--(Newsfile Corp. - September 3, 2014) - Canlan Ice Sports Corp. (...
About this update from Canlan Ice Sports Corp.
[{"type":"text","content":"Canlan Purchases Three-Pad Arena in Fort Wayne, IndianaBurnaby, British Columbia--(Newsfile Corp. - September 3, 2014) - Canlan Ice Sports Corp. (TSX: ICE) (the “Corporation”) today reported it exercised its option to purchase the SportOne/Parkview Ice House, a state of the art three-pad ice-rink \nfacility in Fort Wayne, IN. The Company had been leasing the facility since it was built in February 2010 from a local developer. The long-term lease had fifteen years remaining as at September 2, 2014, the completion date of the purchase. The \npurchase price was US$9.3 million, as stipulated in the lease agreement and was financed by a combination of debt and cash reserves. \n\n“This is a significant purchase for us and certainly demonstrates our commitment to the Fort Wayne sports market,” said Mike Gellard, Canlan’s CFO. \n\n“We are pleased to complete this important acquisition,” added Canlan’s CEO, Joey St-Aubin. “We will continue to work very hard to build our tournament and event business to bring new visitors to the Fort Wayne \ncommunity.” \n\nAbout Canlan \n\nCanlan Ice Sports Corp. is the North American leader in the development, operations and ownership of ice rink and multi-purpose recreation facilities. We are the largest private sector owner and operator of recreational ice sports facilities in \nNorth America and currently own and/or manage 18 facilities in Canada and the United States with 55 ice surfaces, as well as indoor soccer fields, ball diamonds, curling rinks and volleyball courts. To learn more about Canlan please visit \nwww.icesports.com. \n\nCanlan Ice Sports Corp. is listed on the Toronto Stock Exchange under the symbol “ICE.” \n\nCaution concerning forward-looking statements \nCertain statements in this news release may constitute ''forward looking'' statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be \nmaterially 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'', \n''plan'' and other similar terminology. These statements reflec...