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Parkit Enterprise Inc.: Parkit Enterprise Reports Fiscal 2020 Annual Results; Embarks into Industrial Real Estate Growth Vehicle Parkit Enterprise Inc. ( 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 March 2021. In addition, our recent $94 million bought deal and non-brokered private placements set us up well for acquisitions in 2021 and beyond. ....
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 acquisitions, Parkit also completed its previously announced $10,000,000 private placement of common shares. In connection with the completion of these transactions, Parkit s board was reconstituted with the addition of Steven Scott, Iqbal Khan and Julie Neault. It is anticipated that Blair Tamblyn will be proposed as a nominee for election as a director of Parkit at its upcoming annual meeting of shareholders. Biographies of each of the directors can be found in Parkit s November 24, 2020 press release. In connection with these additions, Brad M ....