The following announcement was made today by Mr. Peter Dutton, Director of Operations, Eaglestar Golf Inc.
Today was the date for the expected completion of the due diligence phase of the sale of both Morningstar Golf Course and Eaglecrest Golf Club; the following is the status of the sale for each course.
Eaglecrest Golf Club.
The date for the completion of the due diligence on the sale of Eaglecrest has been extended to January 10, 2007; there are still some issues outstanding that have to be resolved.
The golf course will be closing, as previously planned, on December 31, 2006, and a caretaker will be on site each day to ensure the safety and security of the site.
Assuming that the sale of the golf course completes as we expect, it is our understanding at this time, that the new owners will operate the golf course and that it should be reopening in the latter part of February or early March.
Effective December 28, 2006, Eaglestar’s Administration Offices will be relocated to:
Morningstar Golf Course
525 Lowry’s Road,
Parksville, B.C.
V9P 2R8
Phone - (250) 248 – 2244
Fax - (250) 248 – 8188
Morningstar Golf Club.
Morningstar Golf Course will not be sold and it will continue to be owned by the Operating Engineers Pension Plan and operated by Eaglestar Golf Inc.
The members lounge in the clubhouse will become the new site of the Eaglestar Accounting Offices.
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