|Bid||2.3500 x 0|
|Ask||2.3700 x 0|
|Day's Range||2.3400 - 2.3700|
|52 Week Range||1.9600 - 3.2100|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||42.14|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
CALGARY , Oct. 17, 2019 /CNW/ - Genesis Land Development Corp. ("Genesis") is pleased to announce the completion of purchase of the $20.5 million vendor take-back mortgage ("VTB") from Limited Partnership Land Pool (2007) ("LPLP" or the "Partnership") for $22.02 million . The net cash proceeds to the Partnership of the sale (after repayment of $11.66 million owing by the Partnership under the loan by Genesis) were $10.36 million or $0.2364 per limited partnership unit. Genesis funded the VTB purchase price from its corporate resources and credit facilities and intends to re-finance this amount with a third-party lender in the fourth quarter of 2019.
CALGARY , Oct. 8, 2019 /CNW/ - Genesis Land Development Corp. (the "Company" or "Genesis") (GDC.TO) is pleased to announce that the Toronto Stock Exchange (TSX) has accepted a notice filed by Genesis to renew its Normal Course Issuer Bid ("Bid") for a one year period. Purchases of Common Shares under the Bid will be effected through the facilities of the TSX or alternative Canadian trading systems at the market price at the time of purchase.
CALGARY , Sept. 30, 2019 /CNW/ - Genesis Land Development Corp. ("Genesis") is pleased to report that the previously announced acquisition of approximately 130 developable acres of future residential development land (the "Land") in north Calgary has closed. The north Calgary area is experiencing strong growth, and Genesis believes the Land acquisition fits well with its existing land base in terms of location and time to market and intends to develop the Land into a residential community, with servicing slated to begin in 2020. Genesis Land Development Corp. is a land developer and residential home builder in the Calgary Metropolitan Area.
CALGARY , Sept. 19, 2019 /CNW/ - Genesis Land Development Corp. ("Genesis") is pleased to announce that it has entered into a purchase and sale agreement (the "Sale Agreement") dated September 19, 2019 to acquire a $20.5 million vendor take-back mortgage from Limited Partnership Land Pool (2007) ("LPLP" or the "Partnership") for $22.02 million . The transaction is subject to approval by the limited partners of LPLP by way of special resolution (the "Special Resolution") to be considered at a special meeting of limited partners ("Limited Partners") to be held on October 10, 2019 (the "Meeting") in Calgary, Alberta .
CALGARY , Aug. 29, 2019 /CNW/ - Genesis Land Development Corp. ("Genesis") is pleased to report that it has entered into a firm purchase and sale agreement relating to the previously announced acquisition of approximately 130 developable acres of future residential development land (the "Land") in north Calgary . The Corporation's common shares are listed on the Toronto Stock Exchange (GDC.TO).
TORONTO , July 16, 2019 /CNW/ - Smoothwater Capital Corporation ("Smoothwater"), the largest shareholder of Genesis Land Development Corp. (GDC.TO) ("Genesis"), announces that during the period of August 25, 2015 to July 15, 2019 it acquired an aggregate of 359,700 common shares of Genesis (the "Common Shares") on the open market through the facilities of the Toronto Stock Exchange (the "Market Purchases"), representing approximately 0.85% of the issued and outstanding Common Shares (the "Outstanding Shares") as at May 3, 2019 , as reported by Genesis in its management's discussion and analysis for the quarter ended March 31, 2019 . The Market Purchases were made by Smoothwater at an average price of $2.74 per Common Share.
CALGARY , April 1, 2019 /CNW/ - Genesis Land Development Corp. ("Genesis") is pleased to announce that it has entered into a letter agreement relating to the proposed purchase of approximately 160 acres of future development land (the "Land") in the Calgary Metropolitan area (the "CMA"). The purchase is conditional on the satisfaction of a number of conditions precedent by mid-June, 2019 including, among other things, satisfactory completion of due diligence by Genesis and the finalization of a definitive purchase and sale agreement. Genesis believes the purchase price and terms of the proposed acquisition are in line with current market conditions and expects to fund the proposed transaction with internal resources and financing typical for transactions of this nature.
CALGARY , Jan. 24, 2019 /CNW/ - Genesis Land Development Corp. ("Genesis") is pleased to announce the recent decision of Alberta's Municipal Government Board confirming that its 185-acre OMNI Commercial Project lands located near the intersection of Stoney Trail and Airport Trail in Rocky View County is approved for commercial uses. Iain Stewart , President & Chief Executive Officer of Genesis says, "This approval is the culmination of an intensive planning and consultation process between Rocky View County, The City of Calgary and Genesis. Genesis is excited to be able to move the planning process forward for these 185 acres and to make this multi-faceted and unique master planned destination a reality".