Parkit Enterprise Inc.

Recent News

  • Parkit Completes the Purchase of Ottawa Property

    Toronto, Ontario--(Newsfile Corp. - July 7, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce that it has completed its previously announced (see press release dated June 28, 2021) arm's length purchase of 415 Legget Drive, Ottawa, Ontario (the "Property").Ottawa Property PurchaseThe Property is currently 200,000 square feet of flex and industrial space on approximately 18 acres of land. Along with repositioning the property to take advantage of industrial demand, the Company...

    2021-07-07 8:00 AM EDT
  • Parkit Announces Grant of Options

    Toronto, Ontario--(Newsfile Corp. - July 2, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), announced today that certain officers and directors have been issued an aggregate of 3,695,000 options pursuant to the Company's option plan effective June 30, 2021 with each such option being exercisable into one common share at an exercise price of $1.50 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant.About Parkit Enterprise...

    2021-07-02 7:30 AM EDT
  • Parkit Announces Acquisition of $24,500,000 Ottawa Property and Change in Management

    Toronto, Ontario--(Newsfile Corp. - June 28, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") is pleased to announce the purchase of an Ottawa property and a change in management.Acquisition of Ottawa Property Parkit has entered into an asset purchase agreement, with a private company, pursuant to which Parkit has agreed to acquire 415 Legget Drive, Ottawa, Ontario (the "Property") for an aggregate purchase price of $24,500,000, subject to customary adjustments (the "Acquisition"). The Acquisition...

    2021-06-28 5:28 PM EDT
  • Parkit Enterprise Reports First Quarter 2021 Financial Results

    Toronto, Ontario--(Newsfile Corp. - May 26, 2021) - Parkit Enterprise Inc. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company"), an industrial real estate growth vehicle and parking platform, is pleased to highlight recent business activity and provides its financial results for the first quarter ended March 31, 2021."We continue to execute on our transition to an industrial real estate platform as demonstrated by our acquisitions and the performance of our investment properties," said Steven Scott, Chair of the Board.Recent Business Highlights...

    2021-05-26 10:37 PM EDT
  • 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