CALGARY, AB / ACCESSWIRE / September 19, 2024 / Caravan Trailer Lodges of Alberta Ltd. (the "Company" or "Caravan") is pleased to announce the approval by its shareholders of a special resolution authorizing the sale of the Company's 10.25 acre parcel of land located at 2787 - 86th Avenue S.E., Calgary, Alberta pursuant to a binding purchase and sale agreement (for details, see the Company's Management Information Circular dated August 26, 2024). The resolution was approved by all shareholders present in person or by proxy at the Company's special meeting, which was held on September 16, 2024. The Company has provided notice to the purchaser of waiver of all of its closing conditions (in particular, receipt of shareholder and court approval in respect of the sale, both of which have been obtained). Closing of the sale is set for September 23, 2024, subject to delivery of closing documents and final closing conditions and adjustments.
Forward Looking Statements
Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Calum Stewart
Chairman, President and Director
[email protected]
Legal Inquiries can also be directed to Caravan's independent counsel, Tingle Merrett LLP, attention: Brett Code K.C. (ph: (403)571-8014) (re litigation matters); or Paul Bolger (ph: (403)571-8006) (re corporate matters).
SOURCE: Caravan Trailer Lodges of Alberta Ltd.