MONTREAL, April 20, 2012 /CNW/ - Capital BLF inc. (TSX-V: BLF) (the « Corporation ») announces the sale of one of its multi-residential properties bearing civic address 170 Dorval Avenue, City of Dorval, province of Quebec.
This property was acquired on June 17, 2010 as part of a housing complex of three property containing 60 apartments. The Corporation is selling one of the properties of this housing complex for a selling price of $1,500,000 and is maintaining the other two properties.
"The sale of this property will enable us to maintain our development strategy and will generate funds useful for growth," said Mr. Claude Blanchet, Chief Executive Officer of the Corporation.
The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Mr. Pierre L. Martel
Chief Financial Officer and Secretary