Kingsway Arms Retirement Residences Inc.
TSX VENTURE : KWA

December 02, 2009 19:17 ET

Kingsway Arms Retirement Residences Inc. Announces Disqualification of Director

TORONTO, ONTARIO--(Marketwire - Dec. 2, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

Kingsway Arms Retirement Residences Inc. (TSX VENTURE:KWA) (the "Corporation" or "Kingsway") announces that Mr. Graham Parker will immediately cease to act in his role as director and Chief Operating Officer of the Corporation following his recent notice to the Corporation of his voluntary assignment in bankruptcy. The Corporation wishes to express its gratitude to Mr. Parker for his contributions.

The Corporation is working internally to find a suitable replacement for the position of COO. Until such time, the COO responsibilities previously held by Mr. Parker will be attended to as between the other existing officers of the Corporation.

Kingsway Arms Retirement Residences Inc.

Kingsway is the owner of a seniors housing facility located in Aurora, Ontario. The Corporation continues to actively pursue the acquisition or development of additional senior housing facilities in order to grow the Corporation's portfolio of properties.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Contact Information

  • Kingsway Arms Retirement Residences Inc.
    Mr. Patrick Byrne
    Chief Executive Officer
    647-288-2942 ext. 102