Mount Snow Completes Sale of Haystack

first_imgMount Snow Completes Sale of HaystackMOUNT SNOW, VERMONT – June 30, 2005 – Mount Snow Ltd. has announced thatit has completed the sale of Haystack Ski Resort in Wilmington, Vermont toagroup of local businesspersons known collectively as Tyringham Ridge.This is great news for community residents and businesses, said StanHansen, President and Managing Director of Mount Snow Ltd. Were hopingthat this investment triggers further investment within our Valley.Entered into on March 30, the Purchase and Sale Agreement provided for a$5,000,000 purchase price and included a two year right of first refusaloncertain non-operational lands owned by Mount Snow.This transaction allows us to fully concentrate our efforts on MountSnow,while encouraging Haystack to realize its full potential, commentedHansen.The synergy were working towards achieving is exciting.Under the terms of the agreement, Mount Snow Ltd. will continue to drawwater from sources at Haystack.Proceeds to Mount Snow Ltd. and American Skiing Company from the sale ofHaystack are expected to be used for additional liquidity, to fundcapitalexpenditures and reduce senior debt, each as permitted under AmericanSkiingCompanys senior credit facilities.###last_img read more

Read More →

Child abuse protection systems failing NZ kids – judge

first_imgONE News 16 June 2013Damning new figures released to ONE News reveal efforts to curb child abuse are failing. Rates of child abuse have risen by 32% in the last five years, with instances happening to children who are already in the care of the state. A district judge has now spoken out, saying it is time for a new approach. Figures show more than 21,000 New Zealand children were victims of child abuse last year alone. Around one-fifth of them (4000) were taken from their families and put into Child, Youth and Family care homes. But it was in these supposedly ‘safe homes’ that at least 23 vulnerable children were further abused.http://tvnz.co.nz/national-news/child-abuse-protection-systems-failing-nz-kids-judge-5466483last_img

Read More →