Agreement to Sell Land in Point Tupper to Bear Head LNG

Nova Scotia Business Inc. entered into an agreement on March 21, with Bear Head LNG to sell a 72.42 acre parcel of land located at the Point Tupper-Bear Head Industrial Park, Richmond Co.

The agreement for sale of the parcel of land is for the third-party appraised value of $450,000.

Bear Head LNG’s purchase and sale agreement for the land will close April 8, or 10 days after sub-division approval.

The land will become part of Bear Head LNG’s overall land holdings in the area and will facilitate project development for Bear Head LNG’s proposed liquefied natural gas facility.

Quick facts:
— the Point Tupper/Bear Head Industrial park is situated near the Town of Port Hawkesbury and located on the Strait of Canso
— the strait is one of the world’s deepest, ice-free and dredge-free harbours
— zoning: commercial, light industrial and heavy industrial

To learn more, go to http://www.novascotiabusiness.com/en/home/invest/property/default.aspx .

Source: Release