08 October 2010

Mystery company looking to buy AB fishing camp

A numbered mineral exploration company registered in Alberta but headquartered in Newfoundland and Labrador is looking to buy a fishing camp owned by AbitibiBowater.

Hunt River Lodge, located about 40 miles north of Hopedale, is listed by Sotheby’s International Realty at an estimated value of $3.5 million.  The mystery company is reportedly paying $1.4 million plus applicable taxes for the property.  AbitibiBowater must get the courts permission to sell the asset.

The main lodge plus two smaller outlying camps are on land leased from the provincial government for $500 annually.  The provincial government did not include the camp in the 2008 seizure of AbitibiBowater assets in the province.

The provincial government did, however, mistakenly expropriate the mill itself and all the associated environmental clean-up costs.

- srbp -