Trading: TSX Venture: LCN
VANCOUVER, June 27 /CNW/ - Leisure Canada Inc. (the "Company") announces
that pursuant to the Annual General Meeting held on June 26th the shareholders
of the Company have approved the addition of Mohammed Hanif Patel and Imtiaz
Khoda to the Board of Directors.
Mr. Hanif Patel is the current Chairman, partner and a founding member of
the Profile Group. Residing in Dubai, he has been a strong advocate of the
real-estate sector in the United Arab Emirates and Dubai. He has been the
driving force for the expansion of the group into new markets and he has
promoted closer links with Profile's trading partners, as well as fostering
ties with foreign development companies and agencies.
Mr. Imtiaz Khoda is a Founder and the Managing Partner of the Profile
Group. A graduate of Business Studies in the United Kingdom, he has been a
resident of Dubai for 11 years. Prior to establishing Profile, Mr. Khoda spent
five years as a sales consultant with Dell Inc. Today, he resides on the board
of Profile, Profile Capital, Jabbar Morocco Fund and ProDefine. In his time
with the Profile Group he has been instrumental in driving sales for the
company and expanding and managing the company's business and relationships
with its strategic partners and investors.
These appointments are being made in anticipation of the close of the
$20 million private placement by the Profile Group that was announced on
December 21. This transaction is awaiting TSX Exchange approval.
The shareholders of the Company have also approved further board terms
for Walter Berukoff, Peter de Visser, Ken Taylor and David Oliver.
Leisure Canada is a leading developer of luxury resorts in Cuba, with
multiple properties currently under development, including five-star hotels
and PGA championship golf courses.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: JJ Jennex, Investor Relations Director,
Telephone: (604) 990-9599 or 1-888-600-8687, E-mail: email@example.com,