“Walton Edgemont Development Corporation (the “Corporation”) announced today the acquisition of an aggregate of 83.6 acres of land in Edmonton, Alberta, referred to as “Edgemont Parcel A” (“Parcel A”) and “Edgemont Parcel B” (“Parcel B”) in the Corporation’s prospectus (the “Prospectus”), dated June 27, 2011.
The Corporation recently completed an initial public offering and a private placement, raising a total of $30,000,000 for the purposes of acquiring, managing and developing the Edgemont Properties (the “Properties”), consisting of three parcels totaling approximately 198.8 acres, located in Edmonton, Alberta.”
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About Walton: In business for more than 30 years, the Walton Group currently manages approximately CAD $3.0 billion of pre-development and development real estate assets, including more than 62,000 acres of land in Alberta, Ontario, Arizona, Texas, Georgia, Virginia and Maryland for the Walton Group and on behalf of investors around the world, including primarily North America, Europe and Asia. Headquartered in Calgary, the Walton Group has over 800 employees in Canada, the United States, Hong Kong, Singapore, Malaysia and Germany.