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Imperial Equities Inc. Announces the Purchase of the RME Building

EDMONTON, ALBERTA – Imperial Equities Inc. (“Imperial”) today has announced it has completed the Purchase of the Rocky Mountain Equipment Building located 6425 – 55 Avenue, Vegreville, Alberta.  The transaction, which closed on June 21, 2019 between 1456253 Alberta Ltd. and Imperial, is in the amount of $2,550,000.00 and is Imperial’s second property to be included in its newly established agricultural (AG) division.

The 5.89-acre industrial property comprises four buildings, including a main building facility and three ancillary buildings for a cumulative total of 33,295 ft2. The property serves as a regional sales and service centre for Rocky Mountain Equipment, the largest independent dealer of Case IH and Case Construction equipment in Canada and the second largest in the world.

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Latest News Article

President’s Report: 2019 Q3 CEO Message

The economic wellbeing of Alberta and the rest of Canada has largely been dependent on oil production and our ability to sell our oil at a fair price. For decades, oil production in Canada and Alberta in particular, has been increasing at a swifter pace than our ability to consume it and or to sell it at prices achieved by other oil producing nations. A strong Alberta economy not only depends on a robust world oil price but also the ability to sell and deliver its products anywhere in the world.

Being landlocked and having only one major market for its product can have a detrimental effect the likes of which we’ve seen in Alberta during the past several decades. A resolution to the landlocked issue has long been debated and the most preferred outcome is the development of pipelines sufficient to carry Alberta oil to tidewater.

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