PATHFINDER VENTURES INC - RVRVF STOCK NEWS

Pathfinder Ventures has signed a Letter of Intent (LOI) to acquire an RV resort in Alberta for $10 million. The property spans over 48 acres and includes 187 year-round and 28 seasonal RV sites, with the potential for an additional 166 sites, totaling 400. The resort is expected to generate over $1 million in net operating income (NOI) annually. Pathfinder plans to finance the acquisition through $1 million in cash, a $6.5 million mortgage, and a $2.5 million Vendor Take Back (VTB) arrangement. The transaction is set to finalize in October 2024, pending due diligence and regulatory approvals.

Pathfinder Ventures announced full occupancy across all three Pathfinder Camp Resorts—Parksville, Fort Camping, and Agassiz - Harrison—during the Canadian May long weekend. This significant milestone highlights Pathfinder's growing popularity in the RV space, recognized as a top choice by Campspot. Additionally, Pathfinder proposed an extension to convertible debt holders, maintaining a 10% interest rate until March 2026, with renewal fees of 2% and 3% payable in cash for subsequent periods. CEO Joe Bleackley expressed gratitude towards debenture holders for their support and confidence in the company’s growth plans.

Pathfinder Ventures Inc. announced an expansion into Eastern Canada by securing the Right of First Refusal on 5 individual RV resorts and signing a management agreement for 5 RV Resort assets. The company strategically added properties in Ontario and Nova Scotia, increasing its total number of RV Resorts to nine. The 24-month ROFR provides the exclusive opportunity for acquisition, while the management agreement is expected to boost revenue and facilitate seamless integration into Pathfinder's portfolio. CEO Joe Bleackley emphasized the strategic significance of the expansion and potential for growth in key tourism markets.

Pathfinder Ventures Inc. (TSXV:RV) has signed a lease agreement to develop a 15-acre waterfront RV resort in Osoyoos B.C. The project will include approximately 120 RV sites, offering a 'cottage experience' in luxury RVs. Pre-sales of new RVs and seasonally leased sites will begin in summer 2024, with full operations expected for the 2025 season. Pathfinder's growth approach and promising economics indicate a positive outlook for the company in the RV resort industry.

Pathfinder Ventures Inc. (TSXV:RV) celebrates being honored as one of the top 10 campgrounds in Canada by Campspot. The company achieved growth milestones in 2023, including a 15% increase in occupied site nights. They welcomed a new board member and signed a strategic partnership with ResortHQ. Pathfinder also retained additional investor relations support. The RV industry outlook looks promising with projected wholesale shipment increases. Pathfinder is focused on growth opportunities and M&A in the RV resort industry.

Pathfinder Ventures Inc. (RVRVF) announced strong third-quarter results for the period ending September 30, 2022, with revenues soaring by 19% to $1,402,325. EBITDA increased by 7% to $374,545, while net loss from operations decreased by 30% to -$121,136. Occupancy rates improved by 17%, reaching 71%. Despite increased operating expenses related to new acquisitions and other costs, the company reported a year-to-date cash inflow of $317,512, signaling a positive trend in operational cash flow.

Pathfinder Ventures Inc. (RVRVF) reported a 47% booked occupancy rate for Q4 2022 and Q1 2023, aiming for 50%. This represents a 9% year-over-year increase for its Pathfinder Camp Resorts. The strong occupancy results stem from its successful Winter Stay Program, with 96% of sites reserved. The Fort Langley location is nearing full capacity at 98%, while Agassiz shows a 34% year-over-year growth. The company anticipates releasing Q3 financial results on November 28th.

Pathfinder Ventures Inc. (TSXV: RV, OTCQB: RVRVF) reported a record 73% occupancy during the Thanksgiving weekend, marking an 18% increase from last year. Camp Resorts in Fort Langley and Agassiz-Harrison achieved high occupancy rates of 93% and 81% respectively. CEO Joe Bleackley noted a growing demand for outdoor recreation, with early and extended camping seasons. The company is also witnessing increased interest in its winter camping program, appealing to full-time RV users amidst rising housing costs and inflation.

Pathfinder Ventures Inc. (RVRVF) has announced a successful close to its Q3 season, achieving a 71% occupancy rate from July 1 to September 30, representing a 17% year-over-year increase from 54%. Key contributors to this growth include a 36% increase in Agassiz-Harrison and a 40% increase in Parksville locations. The company plans to release its Q3 financial results on November 28.

Pathfinder continues to enhance guest experiences with new programs and anticipates growth in shoulder and winter occupancy.