ROI Land Investments to Develop Housing Units for LNG Canada
27 Maggio 2015 - 12:00PM
ROI to Construct Apartments and Townhouses near Proposed
LNG Facility in British Columbia
Quebec city, Quebec, MAY
27th, 2015 -- ROI
Land Investments Ltd. (OTCQB: ROII) ("ROI" or the "Company"), a
diversified real estate land development investment company, and
LNG Canada Development Inc. ("LNG Canada"), have entered into an
agreement for ROI to develop housing in Kitimat, British Columbia.
Of the 93 units being developed, LNG Canada will lease 35 units,
which include a mix of apartments and townhouses, to house some of
its employees required to support the proposed liquefied natural
gas project.
"We are excited to partner with
LNG Canada as it seeks to bring the liquefied natural gas industry
and its economic benefits to the people and communities of the
North Coast of British Columbia," said Philippe Germain, President
of ROI. "Our housing development project will not only support LNG
Canada, but also help meet the growing demand for quality housing
in the region."
"We heard very clearly from the
local community how important it is that LNG Canada considers
potential impacts to housing availability as a result of our
proposed project," said Andy Calitz, CEO of LNG Canada. "Our
partnership with ROI allows LNG Canada to secure much needed
housing for employees, and reflects our commitment to listen to,
and act on feedback from our stakeholders, when possible."
The five-year agreement calls for
ROI to construct housing for some of LNG Canada's employees in a
phased approach. LNG Canada has committed to the five-year lease,
regardless of a positive financial investment decision by the joint
venture participants behind the proposed project. In the first
phase of the housing project, ROI is expected to build 35
apartments and nine townhouses in Kitimat, and is projected to be
completed by May 31, 2016. As part of the agreement with LNG
Canada, ROI will seek to hire local people and businesses, provided
the candidates are competitive and meet operational and safety
requirements.
If the LNG Canada project moves
forward, it will bolster the economy in British Columbia. Estimates
call for the LNG Canada project to employ an average of 4,500
people during the first phase of construction, with a potential
peak workforce of 7,500 people. It is expected that 300 to
400 people would be employed during first-phase operations,
increasing to between 450 and 800 should the full project (four
trains) be built. Local businesses are also expected to benefit
from the project.
About ROI Land
Investments Ltd.
ROI Land Investments, Ltd. ("ROI")
is a diversified real estate investment company specializing in
land development. ROI's business model consists of acquiring
attractive land developments free of zoning restrictions, obtaining
the necessary development permits, outsourcing the development of
the infrastructure and profiting from the sale of the subdivided
land units to known large regional developers.
About LNG Canada
Development Inc.
LNG Canada is a joint venture
company comprised of Shell Canada Energy (50%), an affiliate of
Royal Dutch Shell plc, and affiliates of PetroChina (20%), Korea
Gas Corporation (15%) and Mitsubishi Corporation (15%). The joint
venture is proposing to build an LNG export facility in Kitimat
that initially consists of two LNG processing units referred to as
"trains," with an option to expand the project in the future to
four trains.
SAFE HARBOR AND
INFORMATIONAL STATEMENT
This press release may contain
forward-looking information within the meaning of Section 21E of
the Security Exchange Act of 1934, as amended (the Exchange Act),
including all statements that are not statement of historical fact
regarding the intent, belief or current expectations of the
company, its directors or its officers with respect to, among other
things: (i) the company's financing plans; (ii) trends affecting
the company's financial conditions or results of operations; (iii):
the company's growth strategy and operating strategy; and (iv) the
declaration and payment of dividends. The words "may", "would",
"will", "expect", "estimate", "anticipate", "believe", "intend",
and similar expressions and variations thereof are intended to
identify forward-looking statements. Investors are cautioned that
any such forward-looking statements are not a guarantee of future
of future performance and involve risks and uncertainties, many of
which are beyond the company's ability to control, and that actual
results may differ materially from those projected in the
forward-looking statements, as a result of various factors
including the risk disclosed in the company's statements and
reports filed with the US Securities & Exchange Commission. The
Company claims the safe harbor provided by Section 21E(c) of the
Exchange Act for all forward-looking statements.
For more information please visit our website:
www.ROILandInvestments.com
Contacts for ROI Land
Investments:
Philippe Germain, President
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email:PGermain@ROILandInvestments.com
KCSA Strategic Communications
Jeffrey Goldberger / Brad Nelson
Tel: 1-212-896-1249 / 1- 212-896-1217
jgoldberger@kcsa.com / bnelson@kcsa.com
LNG Canada Media Relations:
media@lngcanada.ca
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ROI Land Investments LTD via Globenewswire
HUG#1924048
Grafico Azioni Wisdomtree Largecap Growth Fund (AMEX:ROI)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Wisdomtree Largecap Growth Fund (AMEX:ROI)
Storico
Da Giu 2023 a Giu 2024