Cadomin Capital Corporation Announces Acquisition of Partnership Interest and Loan Details
29 Mars 2012 - 4:00AM
PR Newswire (Canada)
CALGARY, March 28, 2012 /CNW/ - Cadomin Capital Corporation
("Cadomin") (NEX: CDK.H) announces the acquisition of a 99%
partnership interest in the Eagle Two Investment Partnership for a
total purchase price of $1,150,000 (the "Acquisition"). The
Eagle Two Investment Partnership is an investment partnership
formed under the laws of the province of Quebec. The
Acquisition has been made pursuant to the terms of a Partnership
Interest Purchase Agreement dated March 27, 2012. Funding for the
Acquisition has been provided pursuant to a loan granted by Matco
Capital Ltd. (the "Loan"). The Loan is evidenced by a
promissory note, payable on demand, in a principal amount equal to
the purchase price of the Acquisition and bears interest at rate of
ten percent per annum. Neither the NEX Exchange nor the TSX Venture
Exchange accepts responsibility for the adequacy or accuracy of
this release. Forward-Looking Statements Certain statements in this
release are forward-looking statements. Forward-looking statements
involve significant risks and uncertainties. A number of factors
could cause actual results to differ materially from the results
discussed in the forward-looking statements. Although the
forward-looking statements contained in this release are based upon
what Cadomin believes to be reasonable assumptions, Cadomin cannot
assure investors that actual results will be consistent with these
forward-looking statements. These forward-looking statements are
made as of the date of this release and Cadomin assumes no
obligation to update or revise them to reflect new events or
circumstances. Cadomin Capital Corporation CONTACT: David McGoey,
Chief Financial Officer, at (403) 294-6497
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