Special Meeting of Limited Partners to be held October 10, 2019 to Approve 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… [Read More]
Genesis Announces Agreement to Purchase Residential Development Land in North Calgary for $23.7 Million
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. It is anticipated that the transaction will close on… [Read More]
Genesis Reports 2019 Second Quarter Results
CALGARY, Aug. 7, 2019 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months (“Q2”) and six months (“YTD”) ended June 30, 2019. Genesis is a land developer and residential home builder operating in the Calgary Metropolitan Area (“CMA”), holding and developing a significant portfolio… [Read More]
Genesis Land Development Corp. Reports Voting Results of Election of Directors
CALGARY, May 9, 2019 /CNW/ – Genesis Land Development Corp. (“Genesis”) is pleased to report that at its annual meeting of shareholders held on May 9, 2019 that each of the nominees proposed by management as a director of Genesis were elected as directors. The detailed results of the vote by ballot are as follows: … [Read More]
Conditional Letter Agreement to Purchase Residential Development Land in Calgary Metropolitan Area
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… [Read More]
Genesis Reports Results for 2018
CALGARY, March 14, 2019 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months ended (“Q4”) and year ended (“YE”) December 31, 2018. Genesis is a land developer and residential home builder operating in the Calgary Metropolitan Area (“CMA”), holding and developing a significant… [Read More]
Genesis Land Development Corp. Commences Detailed Planning for its OMNI Commercial Destination
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. These lands are strategically located,… [Read More]
Genesis Reports 2018 Third Quarter Results
CALGARY, Nov. 13, 2018 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months (“Q3”) and nine months (“YTD”) ended September 30, 2018. Key financial results and operating data for Genesis were as follows: Three months endedSeptember 30, Nine months ended September 30,… [Read More]
Genesis Land Development Corp. Renewal of Normal Course Issuer Bid
CALGARY, Oct. 5, 2018 /CNW/ – Genesis Land Development Corp. (the “Company” or “Genesis”) (TSX:GDC) is pleased to announce that the Toronto Stock Exchange (TSX) has accepted a notice filed by Genesis to renew its prior Normal Course Issuer Bid which terminated on September 11, 2018, for a one year period. The Bid will commence… [Read More]
Genesis Appoints Iain Stewart as President & CEO and Stephen Griggs as Executive Chair, Adopts New Long-Term Incentive Plans
CALGARY, Sept. 20, 2018 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) is pleased to announce the following executive appointments effective immediately: Iain Stewart has been appointed President and Chief Executive Officer. Mr. Stewart has been an independent director of Genesis since August 2013, and was previously Vice Chair of the… [Read More]
Genesis Reports 2018 Second Quarter Results and Declares $10.3 million ($0.24 per Share) Special Dividend
CALGARY, Aug. 14, 2018 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months (“Q2”) and six months (“H1”) ended June 30, 2018. Key financial results and operating data for Genesis were as follows: Three months endedJune 30, Six months ended June 30,… [Read More]
Genesis Reports 2018 First Quarter Results – Stronger Cash Flow from Operating Activities
CALGARY, May 11, 2018 /CNW/ – Genesis Land Development Corp. (TSX: GDC) (the “Corporation” or “Genesis”) reported its financial and operating results for the three months ended March 31, 2018 (“Q1 2018”). Key financial results and operating data for Genesis were as follows: Three months ended March 31, ($000s, except for per share items or… [Read More]
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