Pathfinder Closes on Expansion Property in Agassiz
VANCOUVER, B.C., April 13, 2022 – Pathfinder Ventures Inc. (TSXV: RV) (OTCQB: RVRVF) (the “Corporation,” or “Pathfinder.”) is pleased to announce that it has closed the transaction previously announced on December 14, 2021, involving the 1.892-acre property adjacent to its existing Pathfinder Camp Resort location in Agassiz B.C.
The Pathfinder Camp Resorts location in Agassiz is fully operational with 32 full hookup RV sites and 8 fully furnished cabins. The property was acquired in 2020 and underwent major renovations and improvements before opening under the Pathfinder Camp Resorts brand in May 2021.
The purchase of the property is with an arms-length party to acquire a 100% interest in a 1.892-acre property adjacent to its existing Pathfinder Camp Resort location in Agassiz B.C. for an aggregate purchase price of $750,000 in cash (excluding closing costs).
Construction Timeline and Details
The acquisition may provide the Pathfinder Camp Resorts’ Agassiz B.C. location with up to 25 new,¬ full hookup RV sites. Once land-use applications are approved and rezoning is complete, Pathfinder will begin its redevelopment of the property. The company estimates the construction to begin Fall 2022 and the project to be completed later in 2023.
“This property offers significant growth potential for our newly renovated Pathfinder Camp Resort in Agassiz B.C. We have the staffing and amenities in place, so we will plan to develop most of the 1.892 acres into additional RV campsites offering full hook-up connections for our customers,” said Joe Bleackley, Founder and CEO.
About Pathfinder Ventures
Pathfinder Ventures Inc. is developing a network of branded, upscale and family-friendly RV parks and campgrounds under the “Pathfinder Camp Resorts” name. Pathfinder currently has three camp resorts located in B.C. and is focused on growing its network through both acquisitions and development. Pathfinder is also seeking to acquire RV & Self Storage facilities to take advantage of the rapidly growing market of people who want to experience the great outdoors in an RV.
On behalf of the board of directors of the Corporation:
Chief Executive Officer, Founder and Director
Pathfinder Ventures Inc.
Joe Bleackley – Chief Executive Officer, and Director
Phone: (604) 914 2575
Investor Relations Contact:
Simone Capital Corp.
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Forward-Looking Information Cautionary Statement
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