The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Gendis Inc. Announces New Investment

Tuesday, March 27, 2012

Gendis Inc. Announces New Investment10:44 EDT Tuesday, March 27, 2012WINNIPEG, MANITOBA--(Marketwire - March 27, 2012) - Gendis Inc. (TSX:GDS) is pleased to announce today that it has made an investment of $2 million for 1 million shares in Oak Point Energy Ltd., a private Calgary, Alberta based energy and facility design company formed in 2010. Oak Point Energy has several proprietary designs and patents pending on modular facilities related to more environmentally sensitive and cost efficient means of extracting oil resources. In addition, Oak Point Energy also owns leases in commercially active areas of Alberta's oil patch. Further information is available at investment complements Gendis' energy, infrastructure and pipeline investments held through its ownership of shares in Veresen Inc. and Osum Oilsands Corp. Gendis also has a 100% leased commercial real estate portfolio and has recently made, and will continue to make, investments in the global agrifoods sector through purchases in publicly traded marketable securities as buying opportunities are identified.FOR FURTHER INFORMATION PLEASE CONTACT: Mr. James E. CohenGendis Inc.President and Chief Executive Officer(204) 474-5200