Bird Construction Inc. Announces that it has Executed a Contract to Design, Build and Short Term Finance the Moncton Downtown Centre

LISTING: TORONTO STOCK EXCHANGE
SYMBOL: BDT

MISSISSAUGA, Oct. 2, 2015 /CNW/ - Bird Construction Inc. announced today that it has executed a contract to design, build and short term finance the Moncton Downtown Centre located in Moncton, New Brunswick.   On August 21, 2015 Bird announced that it was named preferred proponent for the project.  Since that announcement, Bird has achieved financial close.

The 250,000 sf facility will include a single NHL-sized ice surface with more than 9,000 permanent seats which can be configured with 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 start site development this fall with full construction starting in the spring of 2016. The new arena is expected to be open by the fall of 2018.

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.

Ian J. Boyd, President & C.E.O or S.R. Entwistle, C.F.O, Bird Construction Inc., 5700 Explorer Drive, Suite 400, Mississauga, ON L4W 0C6, Phone: [phone] Fax: [phone]