DARTMOUTH, NS, Feb. 15, 2012 /CNW/ - Newfoundland Capital Corporation
("NCC" or "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
purchase CIGV-FM in Penticton, BC from Great Valleys Radio Ltd. This
transaction, previously announced on August 4, 2011, is expected to be
completed within the next 30 days.
About Newfoundland Capital Corporation Limited
Newfoundland Capital Corporation Limited (TSX: NCC.A NCC.B) operates
Newcap Radio, one of Canada's leading radio broadcasters with 82
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.
SOURCE NEWFOUNDLAND CAPITAL CORPORATION LIMITED
For further information:
REF: Robert G. Steele, President and Chief Executive Officer, David J. Murray, Chief Operating Officer, Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 745 Windmill Road, Dartmouth, Nova Scotia B3B 1C2, Tel: (902) 468-7557, Fax: (902) 468-7558, e-mail: firstname.lastname@example.org, Web: www.ncc.ca