QUÉBEC, Feb. 26 /CNW Telbec/ - Victoria Square Ventures Inc. ("VSV"), a
wholly-owned subsidiary of Power Corporation of Canada, announced today
that it has acquired a minority interest in the share capital of Club
de Hockey Les Remparts de Québec Inc. ("Remparts").
Remparts owns and operates primarily a hockey club called "Les Remparts
de Québec", a team of the Ligue de Hockey Junior Majeur du Québec and
the Séminaire St-François Blizzard, a team of the Ligue de
Développement du Hockey Midget AAA du Québec.
In addition, through its subsidiaries, Remparts has the privilege of
hosting each year in Québec City a Tier III "Women's Tennis
Association" tennis tournament and owns a radio station broadcasting in
the Québec City area on the AM band (CHRC, Québec 800). Furthermore,
from time to time, Remparts supports sporting, community or charitable
events in the Québec City area.
André Desmarais, Chairman of VSV, has declared: "We are pleased to
become associated, through this interest, with a Québec City
institution and with an extremely dynamic and proficient management
team which shares the same social values and is committed to the
development of the sports elite and the community in the greater Québec
"The operations of Remparts are based on the development of sports and
the community in the Greater Québec City area and this association will
further our initial objectives, said Jacques Tanguay, co-owner of the
Remparts de Québec. The owners of the Remparts are extremely proud of
the trust shown in our organization by Mr. André Desmarais", he added.
SOURCE VICTORIA SQUARE VENTURES INC.
For further information:
For further information: Peter Kruyt, President and Chief Executive Officer, Victoria Square Ventures Inc., 751 Square-Victoria, Montréal, Québec, H2Y 2J3, Telephone: 514 286-7400