SpruceLand Properties Inc.

February 21, 2012 16:29 ET

Spruce Land Developments Ltd. Announces Completion of its Name Change to SpruceLand Properties Inc.

EDMONTON, ALBERTA--(Marketwire - Feb. 21, 2012) - SpruceLand Properties Inc. ("SpruceLand " or the "Corporation") is pleased to announce that at the annual and special meeting of the shareholders of the Corporation held on November 17, 2011, the shareholders adopted a special resolution to amend the articles of the Corporation to change the name of the Corporation from "Spruce Land Developments Ltd." to "SpruceLand Properties Inc." and that the articles of the Corporation have therefore been amended to effect such change of name effective February 21, 2012. As described in the Management Information Circular and Proxy Statement dated October 21, 2011, the Corporation found the name, Spruce Land Developments Ltd., sometimes gave the impression the Corporation's primary business is land development, which was found to be misleading as the Corporation's primary business is long term real estate investment. After consultation with marketing professionals and testing with an industry focus group, it was determined to change the name to SpruceLand Properties Inc. to better convey the true business of the Corporation while maintaining its proud heritage and enabling the Corporation to achieve greater effectiveness from its marketing efforts.

The Corporation's SEDAR profile at www.sedar.com has been amended to reflect the name change and copies of the Certificate and Articles of Amendment have been filed under the Corporation's SEDAR profile.

Contact Information

  • SpruceLand Properties Inc
    Jackie Fehr
    Chief Financial Officer and Corporate Secretary
    (780) 424-5775
    (780) 425-8577 (FAX)