DARTMOUTH, NS, May 26, 2017 /CNW/ - Newfoundland Capital Corporation (the "Company") (TSX: NCC.A NCC.B) announced today that its wholly-owned subsidiary, Newcap Inc., has received approval from the Canadian Radio-television and Telecommunications Commission ("CRTC") to sell CISL, its AM station in Vancouver, British Columbia. This transaction, previously announced April 25, 2017, is expected to close within 90 days.
About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A NCC.B) owns and operates Newcap Radio which is one of Canada's leading radio broadcasters with 94 licences across Canada. The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.
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SOURCE Newfoundland Capital Corporation Limited
For further information: REF: Robert G. Steele, President and Chief Executive Officer, Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 8 Basinview Drive, Dartmouth, Nova Scotia B3B 1G4, Tel: (902) 468-7557, Fax: (902) 468-7558, e-mail: email@example.com