Pathfinder Announces Expansion into Eastern Canada with Agreement to Manage 5 RV Parks; Pathfinder also Secures Right of First Refusal on 5 Individual RV Park Assets
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.
Strategic expansion into Eastern Canada with the acquisition of 5 RV resorts and management agreements for 5 RV Resort assets.
Increased total number of RV Resorts to nine, expanding presence in sought-after destinations in Ontario and Nova Scotia.
24-month Right of First Refusal (ROFR) provides exclusive opportunity for property acquisition at fair market valuation and flexible terms.
Management agreements expected to boost company revenue and facilitate seamless integration into existing portfolio.
CEO Joe Bleackley highlights the strategic significance of the expansion in tapping into thriving tourism markets.
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VANCOUVER, BC / ACCESSWIRE / May 6, 2024 / Pathfinder Ventures Inc. (TSXV:RV) ("Pathfinder" or the "Company") is pleased to announce it has secured the "Right of First Refusal" (ROFR) on 5 individual RV resorts in Eastern Canada and has also signed an agreement to take over management of 5 RV Resorts in 2024.
Pathfinder has obtained the "Right of First Refusal" (ROFR) for four RV assets in Ontario and one in Nova Scotia. Furthermore, Pathfinder has entered into a management agreement for five RV Resort assets, comprising four RV assets in Ontario and one in Nova Scotia, thereby increasing the total number of RV Resorts in the Pathfinder network to nine.
These assets strategically span across Ontario, including markets such as Haliburton, Muskoka, Marmora, and Niagara. Additionally, one asset is situated in the popular tourist destination of Cheticamp, Nova Scotia. The RV Resorts are primarily seasonal vacation properties with a short-term tourist component, aligning well with Pathfinder's expansion goals.
The 24-month ROFR provides Pathfinder with the exclusive opportunity to acquire these properties at fair market valuation and under flexible terms. Furthermore, the management agreement for these five parks is expected to increase the company's revenue and allow for a seamlessly integrated expansion into Pathfinder's existing portfolio.
Joe Bleackley, Founder and CEO of Pathfinder, stated, "This expansion is not only significant but also strategically positioned to tap into thriving markets across Ontario and Nova Scotia. By securing the Right of First Refusal for these RV assets and entering into management agreements, Pathfinder is now poised for considerable growth and success in the recreational vehicle park industry. The addition of these managed properties in sought-after destinations like Haliburton, Muskoka, and Cheticamp, Nova Scotia, demonstrates Pathfinder's commitment to providing exceptional experiences for travelers while bolstering its presence in key tourism hotspots.
About Pathfinder Ventures Inc. (TSXV: RV):
Pathfinder Ventures Inc. is a leading provider of premium RV Resort & camping experiences, committed to delivering exceptional hospitality and modern amenities to outdoor enthusiasts. With a portfolio of strategically located resorts, Pathfinder offers unparalleled opportunities for memorable vacations.
To learn more about Pathfinder Camp Resorts, click the link below:
On behalf of the board of directors of the Corporation:
Joe Bleackley
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Company Contact:
Joe Bleackley
Chief Executive Officer, and Director
Phone: (604) 914 2575
Email: ir@PathfinderVentures.ca
Website: PathfinderVentures.ca || PathfinderCampResorts.com
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This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Forward-Looking Information Cautionary Statement
This news release contains forward-looking statement related to Pathfinder's board of directors. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations include risks detailed from time to time in the filings made by the Corporation with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Corporation does not undertake any obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release.
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SOURCE: Pathfinder Ventures Inc.
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