|By Marketwired .||
|December 27, 2013 06:30 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/27/13 -- GVIC Communications Corp. (TSX: GCT) ("GVIC" or the "Company") announced today that it has sold its Millar Avenue property in Saskatoon, SK, for $8.2 million and entered into a long term lease arrangement for the property with the new owners. The sale was completed as part of the Company's value enhancement initiatives and the proceeds will be utilized to pay down long term debt.
Shares in GVIC are traded on the Toronto Stock Exchange under the symbol GCT.
About the Company: GVIC Communications Corp. is an information communications company focused on the provision of primary and essential information and related services through print, electronic and online media. GVIC is pursuing this strategy through its core businesses: the local newspaper, trade information and business and professional information markets.
GVIC Communications Corp.
Mr. Orest Smysnuik
Chief Financial Officer