Year endFrom year end financials
Development Contract
In September 2016, the Company signed a Memorandum of Understanding with the WestStone
Group, a leading real estate
development company in Western Canada, to construct GEC Project 7. The project is expected to cost approximately $230
million. The parties plan on finalizing the formal Purchase and Sale Agreement before the end of calendar 2
016 while
preparations for the development application are underway. This should gives us a really nice boost when it comes out.