Calgary (PRWEB) March 19, 2010
Walton International Group Inc. and Walton Ontario Land L.P. 1 (the "Partnership") are pleased to announce that the Partnership will commence a private placement offering.
The offering will consist of a non-brokered private placement offering of up to 1,724,450 units at a subscription price of $10.00 per unit for gross proceeds of up to $17,244,500. The private placement will be conducted on similar terms as the offering that the Partnership completed on February 25, 2010 under its prospectus dated January 28, 2010.
On completion of the private placement, the net proceeds from both the private placement and the prospectus offering will be used to purchase and manage parcels of land comprised of 155 acres of land located near Toronto in Alliston, Ontario, and 300 acres of land located in the southwest quadrant of the City of Ottawa. The Partnership’s investment objective is to maximize returns to limited partners through the acquisition, management, concept planning and eventual sale of these two properties.
The Partnership is managed by Walton International Group Inc., which is part of the Walton Group of Companies. Walton seeks to acquire and syndicate undeveloped land that is strategically located in the path of major North American urban growth corridors. These lands are syndicated to investors, without the use of leverage, made development-ready through concept planning, and then sold for a profit when it is commercially opportune to do so. Walton has completed 36 projects, providing returns to investors from the profit made on the sale of the lands. In business for 30 years, the Walton group currently manages approximately $2.5 billion of real estate assets, comprised of approximately 47,000 acres of land, on behalf of itself and investors in North America, Europe and Asia.
For more information about Walton, please visit http://www.waltoninternational.com.
This news release, required by applicable Canadian laws, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States securities act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons.