VANCOUVER, Aug. 3 /CNW/ - Canlan Ice Sports Corp. announced today that it has completed the purchase of The Ice Gardens at York University in Toronto from PriceWaterhouseCoopers Inc. The purchase price was $11,250,000 and was financed by HSBC Bank Canada and Canlan's majority shareholder. PriceWaterhouseCoopers was acting as receiver and manager for The Ice Gardens at York University Inc., and as trustee in bankruptcy for 1170843 Ontario Inc. The Ice Gardens, built in 1996, is located on the main campus of York University in the City of Toronto. It is one of the largest arena complexes in Canada containing five NHL size rinks and one Olympic rink with seating for 1,500 spectators. In addition to six pads of ice the facility contains significant restaurant, fitness and retail space. The University is a major user of ice for their varsity and intramural teams. Grant Ballantyne, Canlan's President & CEO, stated that the transaction has strengthened Canlan's presence in the Toronto market. The Company now operates six facilities in the GTA containing 22 pads of ice. Canlan Ice Sport Corp is the largest private sector operator of recreational ice facilities in North America. As a result of this acquisition, Canlan now owns and/or manages 23 facilities with 67 playing surfaces in Canada and United States. Canlan also operates Adult Safe Hockey League, the largest adult recreational hockey league in North America with more than 40,000 players, and offers a variety of other programs, including youth leagues, hockey and figure skating academies and tournaments. Canlan is listed on the Toronto Stock Exchange under the symbol "ISE".