An unknown buyer agreed to acquire property located at 901 - 905 West Pender Street, Vancouver, B.C. Canada from King George Financial Corp. (TSXV:KGF) for CAD 20.3 million on April 20, 2012. Under the terms of the agreement, the unknown buyer paid the initial deposit of CAD 0.1 million and the second deposit of CAD 1.9 million to the buyer's solicitors, in trust. The transaction which is subject to the approval of TSX venture exchange, is expected to close on July 11, 2012. As on June 21, 2012, the closing date was extended from July 11, 2012 to July 29, 2012. An unknown buyer completed the acquisition of property located at 901 - 905 West Pender Street, Vancouver, B.C. Canada from King George Financial Corp. (TSXV:KGF) on June 29, 2012.