Concord Pacific to go ahead with Expo site expansion
Article Abstract:
Concord Pacific Group Inc. will proceed with an expansion of its Expo lands development site in downtown Vancouver, in British Columbia, Canada. Inspite of a slumping real estate market in British Columbia, the firm will push through with its C$100-million MarinaSide Resort Residences project, which includes three high-rise towers encompassing 362 condominium units worth between C$130,000 to C$1 million each. MarinaSide Resort Residences, which will offer one- to three-bedroom units of between 550 sq ft to 1,300 sq ft, is part of a C$3-billion redevelopment initiative on the former Expo site, which is slated to be finished in the next 10 years.
Comment:
Will proceed with an expansion of its Expo lands development site in downtown Vancouver, in British Columbia, Canada
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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De Beers set for important NWT exploration phase
Article Abstract:
De Beers Consolidated Mines Ltd., based in South Africa, is slated to venture into an exploration phase on a diamond mining project in Canada's Northwest Territories. The company's Canadian affiliate, Monopros Ltd., will collaborate with its allies, Camphor Ventures and Mountain Province Mining Inc., to try to ascertain whether their AK project contains sufficient amounts of diamond to support development of a commercial mine. Although the project is held 90% by Mountain Province and 10% by Camphor Ventures, De Beers can earn 60% of the property, by financing exploration and developing a diamond mine at the location.
Comment:
Is slated to venture into exploration phase on a diamond mining project in Canada's Northwest Territories, through Monopros Ltd
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1998
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Loewen admits bankruptcy possible
Article Abstract:
Funeral services company Loewen Group Inc of Burnaby, British Columbia, may be forced to bankruptcy to restructure its C$2.26 billion debt. The company reported a loss of $599 million, or $8.22 a share in FY98. Loewen has narrowly escaped bankruptcy when it signed an agreement with its creditors that will raise sufficient funds by Sep 15, 1999, to pay off the C$300 million owed to holders of its pass-through asset trust securities. Loewen Group may have to sell more of its 1,115 funeral homes and 427 cemeteries in North America to improve its liquidity.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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