Parkit to Acquire $18,000,000 Oakville, Ontario Property
Toronto, Ontario--(Newsfile Corp. - November 22, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit") is pleased to announce that it has agreed to acquire an industrial property in Oakville, Ontario. Acquisition of Property Parkit has entered into an asset purchase agreement, with an arms length vendor (the "Vendor"), pursuant to which Parkit has agreed to acquire 1485 Speers Road, Oakville, Ontario (the "Property") for an aggregate purchase price of $18,000,000, subject to customary...
2021-11-22 4:30 PM EST
Parkit Enterprise Reports 2021 Third Quarter Results
Toronto, Ontario--(Newsfile Corp. - November 15, 2021) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") reported the Company's third quarter results. Steven Scott, Chair, commented: "Parkit has continued its transition into an industrial real estate platform as it grows its revenues and net rental income, advances its development properties, and continues to find accretive industrial asset acquisitions. Parkit has completed a total of $120 million of industrial assets...
2021-11-15 5:22 PM EST
Parkit Completes Acquisition of Neighbouring Industrial Property in Toronto, Ontario
Toronto, Ontario--(Newsfile Corp. - October 14, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit") is pleased to announce that, further to its August 12, 2021 press release, it has completed the acquisition of a neighbouring industrial property in Toronto, Ontario. Acquisition of 720 Tapscott Road and Expansion Parkit acquired 720 Tapscott Road, Toronto (the "Property") for an aggregate purchase price of $3,600,000 (the "Acquisition"). The Property complements Parkit's existing platform as...
2021-10-14 7:30 AM EDT
Parkit Completes Acquisition of Ottawa Property
Toronto, Ontario--(Newsfile Corp. - October 6, 2021) - PARKIT ENTERPRISE INC. (TSXV: PKT) ("Parkit") is pleased to announce that, further to its August 25, 2021 press release, it has completed the acquisition of a class A industrial property in Ottawa. Acquisition of Ottawa Property Parkit acquired 1151 Parisien St, Ottawa (the "Property") for an aggregate purchase price of $13,250,000 (the "Acquisition"). The Property is approximately 75,000 square feet of multi-tenanted light industrial...
2021-10-06 6:42 PM EDT
Parkit Enterprise Reports 2021 Second Quarter Results
Toronto, Ontario,--(Newsfile Corp. - August 17, 2021) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit" or the "Company") reported the Company's second quarter results. Steven Scott, Chair, commented: "Parkit continues its transition to a focused industrial real estate platform and makes progress towards expanding existing properties." 2021 Second Quarter Results and Recent Business Highlights Revenues and net rental income. Revenues and net rental income continued to increase as we onboard and...
2021-08-17 7:20 PM EDT
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 Purchase The 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...
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...
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...
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...
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...
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...
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 Expansion The Property complements Parkit's existing platform as it neighbors the Company's 5600 Finch Ave East...
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...
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...
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...
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...
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...
2021-01-25 5:23 PM EST
Parkit Enterprise Completes $36.25MM Industrial Real Estate Acquisition and $10MM Private Placement and Announces Board Changes
Vancouver, British Columbia--(Newsfile Corp. - December 29, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit") is pleased to announce that it has completed its previously announced (see press release dated November 24, 2020) acquisition of two industrial properties, one located at 5600 Finch Ave East, Toronto, Ontario and the other at 4390 Paletta Court, Burlington, Ontario (the "Properties"), for an aggregate purchase price of $36,250,000. Concurrent with the closing of the...
2020-12-29 5:43 PM EST
Parkit Enterprise Announces Sale of Riccio Lot
Vancouver, British Columbia--(Newsfile Corp. - December 7, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC: PKTEF) ("Parkit" or the "Company") today announced that the Riccio parking lot in Connecticut, USA, which was held within the OP Holdings Joint Venture, has been disposed of at a price of USD $4,550,000. Parkit's share of the proceeds is approximately USD $2,000,000 with such funds remaining in the joint venture. About PARKIT Parkit Enterprise Inc. is engaged in the acquisition,...
2020-12-07 8:00 AM EST
Parkit Enterprise Announces Proposed $36.25MM Industrial Real Estate Acquisition and $10MM Private Placement
Toronto, Ontario--(Newsfile Corp. - November 24, 2020) - PARKIT ENTERPRISE INC. (TSXV: PKT) (OTC Pink: PKTEF) ("Parkit") has entered into an asset purchase agreement dated November 24, 2020 (the "Purchase Agreement"), with two private companies (collectively, referred to as the "Vendors"), pursuant to which Parkit has agreed to purchase two properties, located at 5600 Finch Ave East, Toronto, Ontario and 4390 Paletta Court, Burlington, Ontario (the "Properties"), for an aggregate purchase...
2020-11-24 9:50 AM EST