03:39 PM EST - Canlan Ice Sports Corp. : announced that due to unfavourable local conditions and the facility failing to meet its profit expectations, it has made a strategic decision not to renew the existing operating lease at the two-pad ice rink facility located in Vineland, New Jersey. Canlan has decided to cease operations, effective March 31, 2012. All programs, ice rentals, leagues, tournaments and other such commitments will be honoured until that date. Canlan Ice Sports Corp.
shares T.ICE are trading even at $1.90.
