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TORONTO, Feb. 2 /CNW/ - Cadomin Capital Corporation ("Cadomin") announced today that it has effected the sale of an inactive wholly owned subsidiary to an arms-length third party for net cash proceeds of approximately $200,000. The transaction will provide Cadomin with additional liquidity for general corporate purposes.
Certain statements in this release are forward-looking statements. Forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Although the forward-looking statements contained in this release are based upon what Cadomin believes to be reasonable assumptions, Cadomin cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release, and Cadomin assumes no obligation to update or revise them to reflect new events or circumstances.
SOURCE Cadomin Capital Corporation
For further information: For further information: please contact David McGoey, Chief Financial Officer, at (403) 294-6497