Vancouver, BC Canada (April 6, 2011) Dominion Lending Centres Clearlease.com Reports International Road Dynamics Inc. (TSX:IRD) has signed a deal to sell its head office and manufacturing plant for $6.7 million and lease back the property.
IRD said Wednesday it has signed a 12-year lease agreement with the purchaser of the property with two options to renew the lease for additional five-year terms.
The company said it expects $3.7 million in net cash from the deal after paying a $2.6-million mortgage on the property and other costs.
IRD is a highway traffic management technology company which makes automated truck weigh stations, electronic toll highway equipment, licence plate readers and other traffic management systems.
IRD stock was halted on the TSX. The shares were up three cents to 63 cents, a gain of five per cent.
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Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.
Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.
We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
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Dominion Lending Centres Clearlease
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Mr. A. Pidgeon, Editor in Chief
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