Bird Construction Inc. announces that it has been selected as preferred proponent to design, build and finance construction of the Moncton Downtown Centre

LISTING: TORONTO STOCK EXCHANGE
SYMBOL:BDT

TORONTO, Aug. 21, 2015 /CNW/ - Bird Construction Inc. announced today that it has been selected as the preferred proponent to design, build and finance the construction phase of the Moncton Downtown Centre located in Moncton, New Brunswick.

The 250,000 sf facility will include a single NHL sized ice surface with more than 9,000 permanent seats and up to 10,000 seats to accommodate other events. The Downtown Centre also includes flex space, a club lounge, private boxes and a multi-use outdoor plaza facility.

The Company expects to achieve financial close in late September and commence construction in the spring of 2016. The new arena is expected to be open by the fall of 2018. At this time, there can be no assurances that the Company will receive a contract award related to the project.

"As a member of the business community in New Brunswick for over 20 years, Bird is proud to be selected to design and build the new downtown centre for the City of Moncton" stated Mr. Ian Boyd, Bird's President and CEO, "When finished, this facility will be a destination attraction and play an integral part in the revitalization of the City's downtown core."

This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

SOURCE Bird Construction Inc.

For further information: I.J. Boyd, President & CEO or S.R. Entwistle, CFO, Bird Construction Inc., 5700 Explorer Drive, Suite 400, Mississauga, ON L4W 0C6, Phone: [phone], Fax: [phone]