Business
GENESIS ANNOUNCES REVIEW OF STRATEGIC ALTERNATIVES
Jun. 20, 2011 (Canada NewsWire Group) -- NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR F...
About this update from Genesis Land Development Corp.
[{"type":"text","content":"\n\n\n Jun. 20, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS\n RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS. \n\n\nTSX Stock Symbol:  GDC\n\n\nCALGARY, June 20, 2011 /CNW/ - Genesis Land Development Corp. ("Genesis"\n or the "Corporation") announces that its Board of Directors has\n initiated a process to explore strategic alternatives for enhancing\n shareholder value. A Special Committee of independent members of\n Genesis' Board of Directors will assess a range of strategic\n alternatives that may include capital markets opportunities,\n restructuring the current credit facilities, asset divestitures, and/or\n a corporate sale, merger or other business combination. The ultimate\n objective of carrying out this review is to determine which\n alternative(s) might result in superior value for shareholders.\n Desjardins Securities Inc. has been engaged as exclusive financial\n advisor to assist in this process.\n\n\nGenesis will continue with all of its planned business activities\n throughout the strategic alternatives process. Genesis does not intend\n to disclose developments with respect to the strategic review process\n unless and until its Board of Directors has approved a definitive\n transaction. There can be no assurance that a review of strategic\n alternatives will result in any transaction...