Border Capital Corp. Announces Definitive Agreement Now Signed To Undertake Second Notice Gaming Facility in New Brunswick.CALGARY, ALBERTA--(BUSINESS WIRE)--SEPTEMBER 9, 1996--BORDER CAPITAL CORP. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : BOP) Border Capital Corp. ("Border") wishes to announce that a definitive agreement has been reached involving Harewood For people, see Harewood (surname) Harewood (pronounced 'Hair-wood') is a village on the outskirts of Leeds, West Yorkshire, England. The A61 runs through the village, from Leeds City Centre in the south to Harrogate in the north. Investments (Gibson's) Ltd. ("Harewood"), for development of a second gaming and entertainment facility on the lands of the Madawaska Maliseet First Nation. The site, a fifteen acre parcel is well located near Edmundston, New Brunswick This article is about a city in New Brunswick. For the town in Maryland, see Edmonston, Maryland. Edmundston (2006 population: 16,643) is a Canadian city in Madawaska County, New Brunswick. , which is an entry point to the Gaspe Peninsula Gaspé Peninsula A peninsula of eastern Quebec, Canada, between Chaleur Bay and the mouth of the St. Lawrence River. Mountainous and heavily wooded, the peninsula is known for its picturesque coastal villages as well as its hunting and fishing. from both the Province of Quebec and the State of Maine. The gaming facility would be operated for a term of 15 years pursuant to a venture with the Madawaska Maliseet First Nation. Subject to approval by its Board of Directors, Border may participate in the development as a part of its existing deal to acquire Harewood's 70 percent participating interest in the operation of a 33,000 square foot gaming facility located on the St. Mary's Indian First Nation Reserve in Fredericton, New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. , which shall be operational this month. Harewood has agreed to fund 70 percent of the capital required to complete the gaming facility on Madawaska Maliseet First Nation lands. Harewood's venture partner, Dion Entertainment Corp. must fund the balance of capital required and shall be entitled to the management contract for the facility. Border is proceeding with its acquisition of the assets of Harewood as a Major Transaction as required under the Alberta Securities Commission Policy 4.11. The transaction is subject to meeting all regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. , including approval by a majority of the minority shareholders of Border. -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Border Capital Corp. Jeff Hyde, President, 403/777-0414 |
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