ClubLink Completes Aurora Golf and Country Club Acquisition and Establishes Joint Venture with Armadale Properties Limited and Verdiroc Holdings Limited.KING CITY, ONTARIO--(BUSINESS WIRE)--Nov. 24, 1997--ClubLink Corporation(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :LNK LNK Love and Kisses LNK Lincoln, NE, USA - Municipal Airport (Airport Code) LNK Laisvas Nepriklausomas Kanalas (Lithuanian TV) LNK Linkcentre (website) .) ClubLink Corporation has completed the purchase for $6,950,000 of the Aurora Golf & Country Club and is now revitalizing re·vi·tal·ize tr.v. re·vi·tal·ized, re·vi·tal·iz·ing, re·vi·tal·iz·es To impart new life or vigor to: plans to revitalize inner-city neighborhoods; tried to revitalize a flagging economy. this property. The property includes two 18- hole golf courses, the East and West Courses, and property contiguous with the East Course which is suitable for redevelopment. Contemporaneously con·tem·po·ra·ne·ous adj. Originating, existing, or happening during the same period of time: the contemporaneous reigns of two monarchs. See Synonyms at contemporary. with the purchase, ClubLink sold to Armadale Properties Limited and Verdiroc Holdings Limited a 50 percent interest in a joint venture for the redevelopment of a portion of the contiguous property and also sold just over half an acre of the contiguous property. Bruce S Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. . Simmonds, President and Chief Executive Officer of ClubLink Corporation, said: "Considerable improvements to the East and West courses to satisfy the standards of the discerning dis·cern·ing adj. Exhibiting keen insight and good judgment; perceptive. dis·cern  ing·ly adv. golfer are planned. This and other enrichments to the Aurora Golf & Country Club will provide the Aurora community with a greatly improved recreational, golfing and dining environment. We are also delighted to be a 50 percent joint venture partner with Armadale/Verdiroc. The joint venture's management structure will provide the complementary skills of both teams and protect and enhance our substantial long-term investment in the Aurora community and the integrity of the contiguous redevelopment project." Armadale Properties Limited and Verdiroc Holdings Limited have been involved in the development of several high quality projects in the Aurora area. ClubLink Corporation is Canada's largest developer, owner and operator of high quality golf clubs and related residential real estate development. CONTACT: ClubLink Corporation Bruce S. Simmonds, 905/841-3730 905/841-7033 (FAX) or ClubLink Corporation Kim S. Robinson, 905/841-3730 905/841-7033 (FAX) |
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