Parkit Enterprise Inc.

Recent News

  • Parkit Enterprise Reports Two-Month Transitional Fiscal 2020 Results

    Toronto, Ontario--(Newsfile Corp. - March 31, 2021) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit", "Company" or the "Corporation"), an industrial real estate growth vehicle and parking platform, is pleased to report the audited financial results for the two-month transitional fiscal year from November 1, 2020 to December 31, 2020 with a comparative to the audited financial statements for the twelve months ended October 31, 2020. The two-month transitional period resulted from the Company's previously announced change of its fiscal...

    2021-03-31 10:23 PM EDT
  • Parkit Completes $40.3 Million Bought Deal Private Placement Financing, $1.0 Million Concurrent Non-Brokered Private Placement and Completes the Purchase of Ottawa Property for Equity and Cash Consideration

    Toronto, Ontario--(Newsfile Corp. - March 18, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), is pleased to announce that it has closed its previously announced (see press releases dated March 1, 2021) bought deal private placement (the "Bought Deal Offering") and the concurrent non-brokered private placement (the "Non-Brokered Offering" and together with the Bought Deal Offering, the "Offerings") of an aggregate of 27,507,332 common shares of the Company ("Common Shares") at a price of $1.50...

    2021-03-18 3:14 PM EDT
  • Parkit Completes Acquisition of 5610 Finch Ave East

    Toronto, Ontario--(Newsfile Corp. - March 15, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has completed the previously announced acquisition of 5610 Finch Ave East (the "Property"), for an aggregate purchase price of $12,250,000 plus customary closing costs. The purchase was funded with cash on hand. Property and ExpansionThe Property complements Parkit's existing platform as it neighbors the Company's 5600 Finch Ave East property. Parkit now owns...

    2021-03-15 9:00 PM EDT
  • Parkit Announces $28.5 Million Industrial Real Estate Acquisition

    Toronto, Ontario--(Newsfile Corp. - March 11, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has agreed to acquire a property located in Ottawa, Ontario (the "Property") for an aggregate purchase price of $28,500,000, subject to customary adjustments (the "Proposed Acquisition"). The vendor of the Property, Access Self Storage Inc. (the "Vendor"), is a related party to Parkit and the Proposed Acquisition constitutes a non-arm's length transaction. It...

    2021-03-11 7:07 PM EST
  • Parkit Enterprise Reports Fiscal 2020 Annual Results; Embarks into Industrial Real Estate Growth Vehicle

    Toronto, Ontario--(Newsfile Corp. - February 26, 2021) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit", "Company" or the "Corporation"), an industrial real estate growth vehicle and parking platform, is pleased to report its fourth quarter and fiscal financial results for the year ended October 31, 2020.Steven Scott, Chairman, commented: "Parkit continues its transition into an industrial real estate growth vehicle with the purchase of 5600 Finch Ave East and 4390 Paletta Court, and 5610 Finch Ave East scheduled to close in...

    2021-02-26 7:51 PM EST
  • Parkit: Correction to News Release Dated February 17, 2021

    Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), announces that the original news release captioned "Parkit Completes $69 Million Bought Deal Private Placement Financing and $15 Million Concurrent Non-Brokered Private Placement" published on February 17, 2021 referred, incorrectly, to Mr David Delaney having control of Delaney Capital Management Ltd. Mr. Delaney has no control over Delaney Capital Management Ltd. The number of shares of Parkit over which Mr....

    2021-02-17 9:15 PM EST
  • Parkit Completes $69 Million Bought Deal Private Placement Financing and $15 Million Concurrent Non-Brokered Private Placement

    Toronto, Ontario--(Newsfile Corp. - February 17, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has closed its previously announced (see press releases dated January 26, 2021) bought deal private placement (the "Bought Deal Offering") and the concurrent non-brokered private placement (the "Non-Brokered Offering" and together with the Bought Deal Offering, the "Offerings") of an aggregate of 88,421,058 common shares of the Company ("Common Shares") at a price of...

    2021-02-17 4:30 PM EST
  • Parkit Enterprise Announces Purchase of 5610 Finch Ave East

    Toronto, Ontario--(Newsfile Corp. - January 25, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has entered into an asset purchase agreement (the "Purchase Agreement"), with a private company (the "Vendor"), pursuant to which Parkit has agreed to purchase one property, located at 5610 Finch Ave East, Toronto, Ontario (the "Property"), for an aggregate purchase price of $12,250,000, subject to customary adjustments (the "Proposed Acquisition"). It is anticipated that...

    2021-01-25 5:23 PM EST