TORONTO, April 29, 2015 /CNW/ – Park Lawn Company Limited (CSE: PRL) (the “Company” or “Park Lawn”) announced today that it has retained the services of MarketVision Real Estate Corporation to identify potential partners for a joint venture building arrangement or some other form of strategic alliance arrangement for the development of its property.
Park Lawn owns a 2.9 acre parcel of land near Highway 401 and Yonge Street. The Company has Official Plan and Rezoning applications pending with the City of Toronto to permit the development of 25 free hold townhouse units on its site.
About Park Lawn
Park Lawn Company Limited (“the Company”) owns a 2.9 acre parcel of land at 57 Linelle Street, Toronto, Ontario and holds a Promissory Note in the amount of $5,096,498 issued by Park Lawn Corporation. The Company also owns the house and land located at 53 Linelle Street, Toronto, Ontario. The property is located immediately adjacent to the 57 Linelle Street property.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Park Lawn Company Limited