March 10th, 2022 – TheNewswire – Camarico Investment Group Ltd. (CSE:CIG) (CNSX:CIG.CN) ("Company") is pleased to announce Camarico Land and Development Corporation (“CLDC”) has entered into an Amended and Reinstated Lease and Development Agreement to the original Georgetown Lease and Development Agreement was entered on June 1st, 2018.
The amended and reinstated agreements concentrate the lease to a core 35 +- acres lease for the designated land use from cannabis related activity to Data Processing and related infrastructure. To date CLDC has made a significant investment in the development and heavy construction of the 35 +- acres covered in the amended lease agreement.
In the coming months CLDC will solidify a structural plan and budget for the Georgetown development which is to include a capital budget and associated capitalization plan for the phased development of the Georgetown assets.
ON BEHALF OF THE BOARD OF DIRECTORS OF CAMARICO INVESTMENT GROUP LTD.
“R. Mackenzie Loree”
Chief Executive Officer
Email: [email protected]
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Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws. 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 Company. The reader is cautioned not to place undue reliance on any forward-looking information contained in this news release.
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