CALGARY,
March 28, 2012 /PRNewswire/ - Cadomin
Capital Corporation ("Cadomin") (NEX: CDK.H) announces the
acquisition of a 99% partnership interest in the Eagle Two
Investment Partnership for a total purchase price of $1,150,000 (the "Acquisition"). The
Eagle Two Investment Partnership is an investment partnership
formed under the laws of the province of Quebec. The Acquisition has been made
pursuant to the terms of a Partnership Interest Purchase Agreement
dated March 27, 2012.
Funding for the Acquisition has been provided
pursuant to a loan granted by Matco Capital Ltd. (the
"Loan"). The Loan is evidenced by a promissory note,
payable on demand, in a principal amount equal to the purchase
price of the Acquisition and bears interest at rate of ten percent
per annum.
Neither the NEX Exchange nor the TSX Venture
Exchange accepts responsibility for the adequacy or accuracy of
this release.
Forward-Looking Statements
Certain statements in this release are
forward-looking statements. Forward-looking statements involve
significant risks and uncertainties. A number of factors could
cause actual results to differ materially from the results
discussed in the forward-looking statements. Although the
forward-looking statements contained in this release are based upon
what Cadomin believes to be
reasonable assumptions, Cadomin
cannot assure investors that actual results will be consistent with
these forward-looking statements. These forward-looking statements
are made as of the date of this release and Cadomin assumes no obligation to update or
revise them to reflect new events or circumstances.
SOURCE Cadomin Capital Corporation