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Capitan Investment Ltd V.CAI

Alternate Symbol(s):  SAHRF

Capitan Investment Ltd. is a Canada-based company. The Company’s primary business is investment in real estate development projects. The Company invests in two real estate development projects in the United States, namely the Auden Project and Air Albany Project. The Auden Project is a student housing project situated at 2915-2949 North Forest Road, Amherst, New York. The site covers an area of approximately 5.39 acres, inclusive of certain undevelopable areas, in the vicinity of the University at Buffalo campus. The Auden Project consists of 154 residential units and 481 beds, and a lower-level parking area having 283 parking spaces, together with ancillary amenities and improvements, in a four-story building containing approximately 213,438 square feet.


TSXV:CAI - Post by User

Bullboard Posts
Post by sept14on Nov 19, 2007 10:26pm
288 Views
Post# 13833843

Easy Money

Easy Money

Sahara has decided to not to proceed with a non-brokered private placement originally announced on October 29, 2007, of up to 8,000,000 common shares issued on a "flow-through" basis at a price of $0.22 per flow-through share and instead intends to proceed with a non-brokered private placement of up to 3,636,364 common shares in a at a price of $0.11 per common share for aggregate proceeds of up to $400,000. Proceeds of the private placement will be used to pay down Sahara's debt

jack

Bullboard Posts