Stocks in play: Genesis Land Development Corp.
Has entered into a binding agreement to acquire approximately 160 acres of future residential development ...
Smoothwater Acquires Additional Shares of Genesis
TORONTO , Aug. 6, 2020 /CNW/ - Smoothwater Capital Corporation ("Smoothwater"), the largest shareholder of Genesis Land Development Corp. (TSX: GDC) ("Genesis"), announces that during the period of September 25, 2019 to August 5, 2020 it acquired an aggregate of 1,683,200 common shares of Genesis (the "Common Shares") on the open market through the facilities of the Toronto Stock Exchange (the "Market Purchases"), representing approximately 4.00% of the issued and outstanding Common Shares (the "Outstanding Shares") as at July 30, 2020 , as reported by Genesis in its management's discussion and analysis for the quarter ended June 30, 2020 . The Market Purchases were made by Smoothwater at an average price of $1.29 per Common Share.
Genesis Reports 2020 Second Quarter Results
CALGARY, AB , July 30 , 2020 /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 ended June 30, 2020 ("YTD"). Genesis is an integrated land developer and residential home builder operating in the Calgary Metropolitan Area ("CMA"), owning and developing a portfolio of well-located, entitled and unentitled residential, commercial and mixed-use lands and serviced lots in the CMA.