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Capital BLF inc. announces the conditional acquisition of four adjacent residential properties for $3,150,000

^{Published on 2009-06-25 08:22:47, Last Modified on 2009-06-25 08:23:12 - Market Wire}
 

 MONTREAL, June 25 /CNW Telbec/ - Capital BLF inc. (TSX-V: BLF) (the "Corporation") announces that, upon satisfactory conclusion of its due diligence, it will proceed with the acquisition of four adjacent residential properties located in Quebec City for a purchase price of $3,150,000, excluding closing costs. Certain conditions with respect to the transfer of the hypothec remain to be finalized and closing is expected in early July 2009. Residential Properties - 2375-2395, 2430, 2435, 2455 Alger Street and 2453, 2465 Père-Lelièvre Blvd. in Quebec City. The residential complex is comprised of four buildings built in 1970 for a total of 72 units. These adjacent buildings are located at the corner of Alger Street and Père-Lelièvre Blvd. in the Duberger sector, borough of Les Rivières, in the heart of Quebec City. "We are delighted with our first acquisition in the Quebec City area where the market is stable and the vacancy rate low." said Mr. Claude Blanchet, Chief Executive Officer of the Corporation. The TSX Venture Exchange has in no way passed upon the merits of the transaction and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." 

For further information: Mr. Pierre L. Martel, Chief Financial Officer and Secretary, (514) 238-2199