Leisure Canada Inc. (LCN) News

how much percent should be invested in this stock?

Does anyone have any info on this company?

Leisure Canada appoints de Visser as interim CFO


2007-07-03 16:38 ET - News Release

Ms. Mimy Fernandez-Maldonado reports

LEISURE CANADA PROVIDES ANNUAL GENERAL MEETING & BOARD OF DIRECTORS UPDATE

Following the annual general meeting and the board of directors meeting of June 29, 2007, Leisure Canada Inc.'s current directors of the company, Walter H. Berukoff, Peter de Visser, Guy Chartier, Ken Taylor and David Oliver were all re-elected by the majority of the shareholders. Mr. Berukoff will retain the positions of chairman, president and chief executive officer. Mimy Fernandez-Maldonado has been reappointed as the corporate secretary, and KPMG LLP has been reappointed as the company's auditors. The board of directors remains pleased with the progress to date and has given the company a mandate to aggressively move the Cuban projects forward.

The company has appointed Robin Conners to the advisory board. Mr. Conners has over 25 years of experience in the leisure industry, most notably as vice-president of commercial development with the Intrawest Corp. He currently works with St. Joe Company, Florida's largest real estate development company. Mr. Conner's extensive experience in master planning and real estate financing will prove valuable as the company moves into the advanced stages of development.

In addition, Mr. de Visser has been appointed as the interim chief financial officer. Mr. de Visser is the founding partner of Vancouver-based DeVisser Gray Chartered Accountants. He is currently a member of the British Columbia Institute of Chartered Accountants technical subcommittee, which consults with securities regulators in British Columbia. Mr. de Visser is filling the position of CFO made vacant by the departure of Ian Brown, who has left the company to pursue other opportunities. The company thanks Mr. Brown for his contributions and wishes him continued success.

Leisure Canada's debentureholders have agreed to extend the term of the company's subordinated convertible debentures in the principal amount of $600,000 (U.S.). The extension is for one year and the new maturity date is June 30, 2008. The debentures were issued in 1999, and this represents the second time the debentures have been amended. Acceptance of the amended maturity date was received from the TSX Venture Exchange on May 25, 2007.

The debentures bear annual interest at 7 per cent per year, payable semi-annually on June 15 and Dec. 15, and both interest and principal may, at the company's option, be settled by the issue of common shares. The company is up to date in the payment of interest.




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agreed
no pump and dump here

Go LCN..this is a nice long term play IMO :)

Sorry !!! I mean't CUBA...........

CUBA!!!

company was in Cuba..........good news must be pending

up 17 percent today NICE

not enough people watching this one now
but soon they will see

i think so too
just a matter of time

nice


LCN does look pretty strong and I DO like monopoly

LCN is looking pretty good these days...
IMO LCN is going to start to steadily go up soon

*LCN* has a monopoly in Cuba...

If you read the company's profile a bit u'll see that LCN is a special situation stock. It seems we are holding quite well in the 35 cents area ;) Looking good here IMO.

LCN is moving up today!

very nice............

looks like a nice pick here..IBOX updated too ;)

LOL

Wake up December!!!

snoooze......:(((((((((

.40 close today

.39 today.......

No kidding

LOL you would be pretty lonely without me here.

Looks like it could start up again..............

last @ .38

Up 29% today

No Castro appearance at May Day parade By ANITA SNOW
44 minutes ago



HAVANA - Hundreds of thousands of cheering workers marched through Cuba's Revolution Plaza on Tuesday but Fidel Castro was nowhere to be seen.

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The place where Castro would have watched the festivities — a raised platform under a towering statue of Cuban colonial independence hero Jose Marti — was instead occupied by his brother Raul.

Castro had attended the annual International Workers' Day march for decades. But the 80-year-old communist leader has not been seen in public since emergency intestinal surgery forced him to step down temporarily nine months ago and temporarily cede his duties to his 75-year-old brother.

In a speech just before the huge annual parade began, Salvador Valdes, secretary general of Cuba's central workers union, hinted it was highly unlikely that Castro would make his first public appearance since stepping down from power.

"A speedy recovery and lots of health, dear Fidel," Valdes said, adding "Viva Fidel!" as the crowd shouted back "Viva!"

The acting president and defense minister, five years younger than his sibling, stood stiffly and smiled, occasionally waving as marchers streamed past, waving plastic Cuban flags, portraits of Fidel Castro and banners denouncing U.S. "imperialism."

Many marchers wore red or white T-shirts that appeared to have been distributed by the Cuban government with a May 1 slogan reading "More solidarity, unity and strength than ever."

Castro issued the latest in a new series of communiques Monday, calling for a revolution in energy production, but gave no hint of whether he would make a May Day appearance.

He reiterated his opposition to U.S. plans to use food crops to produce ethanol for cars, predicting that American fuel needs would be provided with the labor of the world's impoverished sugar cane workers.

"Tomorrow the first of May is a good day to carry these reflections to the workers and all of the poor people of the world," Castro wrote in the communique.

Occasional government photographs and videos of the elder Castro have assured Cubans he is still alive and recovering, appearing stronger and more robust in the most recent images.

But the urgent need by many to see the man who ruled this country for 47 straight years seems to have faded in recent months as life has continued normally under the leadership of Raul Castro.

There will be smaller marches Monday in cities around the island, with the government expecting several million of the nation's 11 million people to participate.

Those gathered in Havana protested the recent U.S. court decision to free on bond anti-communist militant Luis Posada Carriles, pending his trial on U.S. immigration charges. Havana accuses the Cuban-born Posada of orchestrating a 1976 airliner bombing that killed 73 people — a charge he denies.

Demonstrators held signs and banners declaring "Prison for the Executioner" in reference to Posada, accusing the Bush administration of a double standard on terrorism

week all day long........dead money for now...........

sloppy 2day

.39 close on Friday......not bad........

Walter H. Berukoff

Over the last 30 years, Mr. Berukoff has built a solid reputation as a successful mining entrepreneur, merchant banker, real estate developer, and financier. Through Red Lion Management Ltd., a private holding company, Mr. Berukoff has amassed considerable holdings in real estate, manufacturing facilities, and taken an active role in developing and turning-around business enterprises throughout the Americas, Europe, Africa and Asia.

Mr. Berukoff holds the distinction of being the founder of several successful mining companies. His mineral enterprises have included transactions with the largest mining companies in the world such as Rio Tinto and Areva, and he has been responsible for the discovery and development of some of the world’s most prolific deposits.

In Cuba, subsequent to opening the Mantua copper-gold mine, Mr. Berukoff founded Leisure Canada, the leading real estate developer on the island. He is considered to be one of the leading entrepreneurs active in Cuba today, and he has been the subject of profiles by CNN and HBO.

His charitable participations through the construction of schools and hospitals are noteworthy, and he a strong supporter of the arts as demonstrated by his sitting as a Director of the Ballet of British Columbia.

Having now raised over one billion dollars for global equity projects during his career, Mr. Berukoff has solidified his reputation as a leading Canadian financier.


A selection of companies founded by Walter Berukoff:

Miramar Mining : www.miramarmining.com
Northern Orion Resources: www.northernorion.com
La Mancha Resources: www.lamancharesources.com
Leisure Canada Inc. www.leisurecanada.com

holy cow......crazyyyyyyyyyyyyy move

Ya wild ride today, i missed.

Is GGL a symbol on the TSXv?

Maybe someone at Etrade needed money for GGL?

Sharp slide here...............looks like someone wanted out.............

.48 today :)

Spoke to the company today........something very big is up............

Going to go thru .50 soon.....volume is way up .... :)

.48 close....nice green for the day

He's up to something...............this stock will not go down........... :)

I like Walter H. Berukoff as Executive Chairman. LCN ...

The price has steadied @ .45....what do you think of it now?

.45 close today...................

Holding steady here @ .44

Still hanging in there in the .42-.44 range.........

U still like VSHC?

Hearing good stuff on CTG on the TSXv.

What are you looking at this week?

.45 close. Very Nice.

The Castro watch continues