TORONTO, May 11 /CNW/ - Silver Creek-Cedarwood Partnership (the "Partnership") announced today that it received approval to effect a consolidation of the Partnership Units of the Partnership on a 1 for 15 basis (the "Consolidation"). Each Limited Partner who held a fractional unit as a result of the Consolidation will receive cash from the Partnership in the amount of $45,000 for each Partnership Unit held before the Consolidation.
As a result of the Consolidation, Realstar LP Holdings Inc., WBH Oakdale Investments Inc., and The Tiger Trust will own all of the units of the Partnership.
The Partnership has filed a report describing the Consolidation with applicable securities regulators, copies of which shall be sent promptly to anyone who requests copies from the person noted below.
SOURCE SILVER CREEK-CEDARWOOD PARTNERSHIP
For further information: For further information: Maryke Wharton, Silver Creek-Cedarwood Partnership, 77 Bloor Street West, Suite 2000, Toronto, Ontario, M5S 1M2, (416) 966-8456