Emergia News Releases
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Additional Changes in DELMA Group’s Management
Montreal, Friday, December 14th, 2018 – (CSE:DLMA) The Delma Group Inc. (“Delma” or the “Company”) wishes to announce that, for personal reasons, Mr. Hazem Al-Shawa has resigned as director of the Company and as director and officer of any of its subsidiaries.
Changes in DELMA Group’s Management
The Delma Group Inc. (“Delma” or the “Company”) wishes to announce that, for personal and family reasons, Mr. Hasan Al-Shawa has resigned as CEO and Chairman of the Board of the Company. However, he will remain as an independent director of the Company. The Board of Directors of the Company has appointed Hubert Marleau as Chairman of the Board and Henri Petit as President and CEO of Delma.
DELMA Group acquires additional properties and management contracts
Montreal, Friday, July 27th, 2018 – (CSE:DLMA) The Delma Group Inc. (“Delma” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Delma Real Estate Corporation has closed a transaction on July 261h, 2018 with Lupa Real Estate Corporation Inc. of its operating subsidiaries (namely: 9203-5849 Quebec Inc. and 9307- 9077 Quebec Inc.) (the “Acquired Companies”). Delma purchased all of the issued and outstanding shares of the Acquired Companies and debts of the said Acquired Companies for a net price of $1,597,794 paid by the issuance of Delma common shares, at a price of $6.00 per share. (the “Transaction”).
DELMA Group acquires $50 million diversified Portfolio
Montreal, Friday, July 13th, 2018 – (CSE:DLMA) The Delma Group Inc. (“Delma” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Delma Real Estate Corporation has closed a transaction on July 12, 2018 with Gestion H. Petit Inc. (“HPH”) and four of its operating subsidiaries (namely GHP Real Estate Corporation Inc., Emergia Real Estate Inc., Aux 22 Sentiers Inc., and 9335-5709 Quebec Inc.) (the “Acquired Companies”). Delma purchased all of the issued and outstanding shares of the Acquired Companies for a net price of $14.9M paid by the issuance of Delma common shares, at a price of $6.00 per share. (the “Transaction”). Over the last few months, Delma acquired from the Acquired Companies a real estate portfolio worth approximately $50,000,000.
DELMA Group acquires LUPA Investments Inc.
Montréal, May 9, 2018 – After announcing the acquisition of an office building and a development site on April 30th, 2018, valued at 10,4M$, DELMA Real Estate Corporation (“DREC”), a wholly owned subsidiary of DELMA Group Inc. (CSE:DLMA) (“DELMA”) is proud to announce its acquisition of Lupa Investments Inc. (“Lupa”), a real estate holding company that owns four (4) buildings and properties located in Montreal and Longueuil, comprising two (2) industrial multi-tenant buildings totaling 41,000 sq. ft. and two commercial multi-tenant building totaling 24,500 sq. ft., including potential for development.
Delma Group will develop a new commercial and residential pole in downtown Dorval
Montréal, April 30th, 2018 – DELMA Real Estate Corporation, a subsidiary of DELMA Group Inc., is pleased to announce the acquisition of a 56,000 sq. Ft. 6-storey office building located at 185, Dorval Avenue, in the heart of downtown Dorval, a transaction valued at $ 10.4 million. DELMA Group plans to move its head office there in July 2018.
