CLAIRVEST ANNOUNCES INVESTMENT IN TSUU T’INA GAMING LIMITED PARTNERSHIP
June 26, 2006 - Clairvest today announced the closing, in escrow, of a combined $17 million investment in Tsuu T’ina Gaming Limited Partnership (“Tsuu T’ina”), a wholly-owned entity of the Tsuu T’ina First Nation Band.
Clairvest will provide financing to Tsuu T’ina for the development of a charitable casino on Tsuu T’ina First Nation reserve lands, located immediately southwest of the City of Calgary. The investment is being made in conjunction with Sonco Gaming Limited Partnership, which will operate the casino.
The casino is scheduled to open in the summer of 2007 with approximately 600 slot machines and 45 gaming tables in a 84,000 square foot building.