GARNEAU INC. ANNOUNCES APPROVAL OF LEASE AND POSSIBLE SALE OF SUBSTANTIALLY ALL OF ITS PROPERTY
November 10 2010 - 8:21PM
PR Newswire (Canada)
NISKU, AB, Nov. 10 /CNW/ -- NEX - GAR.H NISKU, AB, Nov. 10 /CNW/ -
Garneau Inc. ("Garneau" or the "Corporation") announces that on
October 27, 2010, the shareholders of the Corporation approved
the special resolution in respect of the proposed lease and
possible sale of substantially all of the property of the
Corporation to an arm's length third party. The lease in
favour of the arm's length third party, which contains an option to
purchase Garneau's Nisku, Alberta property, is now in effect.
Forward-Looking Information Certain information in this press
release contains forward-looking statements. These statements
relate to future events or actions. All statements other than
statements of historical fact may be forward-looking statements.
Forward-looking statements are often, but not always, identified by
the use of words such as "possible", "intends", "would",
"anticipated", believes", "anticipates", "will", "expected" and
similar expressions. These statements involve substantial known and
unknown risks and uncertainties, certain of which are beyond
Garneau's control. Actual events or actions could differ materially
from those expressed in, or implied by, such forward-looking
statements and, accordingly, no assurances can be given that any of
the events anticipated by the forward-looking statements will
transpire or occur or, if any of them do, what benefits that
Garneau will derive from them. Except as required by law, Garneau
undertakes no obligation to publicly update or revise any
forward-looking statements. Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release. %SEDAR: 00008952E table
border="0"tr valign="top"td align="left" colspan="9"Glen Garneaubr/
Acting President and CEO/td/tr tr valign="top"td nowrap="nowrap"
align="left" colspan="9"Darlene Kirkpatrickbr/ Project and
Communications Manager/td/tr tr valign="top"td align="left"
colspan="9"bPhone: (780) 955-2396/b/td/tr tr valign="top"td
align="left" colspan="9"bFax:
(780)/bb955-7715/b/td/tr/table
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