CALGARY, March 28, 2012 /CNW/ - Cadomin Capital Corporation ("Cadomin") (NEX: CDK.H) announces the acquisition of a 99% partnership interest in the Eagle Two Investment Partnership for a total purchase price of $1,150,000 (the "Acquisition"). The Eagle Two Investment Partnership is an investment partnership formed under the laws of the province of Quebec. The Acquisition has been made pursuant to the terms of a Partnership Interest Purchase Agreement dated March 27, 2012.
Funding for the Acquisition has been provided pursuant to a loan granted by Matco Capital Ltd. (the "Loan"). The Loan is evidenced by a promissory note, payable on demand, in a principal amount equal to the purchase price of the Acquisition and bears interest at rate of ten percent per annum.
Neither the NEX Exchange nor the TSX Venture Exchange accepts responsibility for the adequacy or accuracy of this release.
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.
For further information:
David McGoey, Chief Financial Officer, at (403) 294-6497