Glacier Announces Property Sale
28 Décembre 2013 - 12:30AM
Marketwired
Glacier Announces Property Sale
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 27, 2013) -
Glacier Media Inc. (TSX:GVC) ("Glacier" or the "Company") announced
today that it has sold its Millar Avenue property in Saskatoon, SK,
for $8.2 million and entered into a long term lease arrangement for
the property with the new owners. The sale was completed as part of
the Company's value enhancement initiatives and the proceeds will
be utilized to pay down long term debt.
Shares in Glacier are traded on the Toronto Stock Exchange under
the symbol GVC.
About the Company: Glacier Media Inc. is an information
communications company focused on the provision of primary and
essential information and related services through print,
electronic and online media. Glacier is pursuing this strategy
through its core businesses: the local newspaper, trade information
and business and professional information markets.
Glacier Media Inc.Mr. Orest SmysnuikChief Financial
Officer604-708-3264
Glacier Media (TSX:GVC)
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