10:53 AM EST - Granville Pacific Capital Corp. : said it has entered into an agreement August 10th, 2009 to sell an operating asset in Bear Creek Lodge to a third party, mainly due to the continued uncertainty of revenue sources to maintain a profitable operation. The sale will take effect October 31, 2009 if all conditions and buyer subjects have been removed. The Completion date will be earlier of 365 days or 30 days after building is vacant at which time full cash payment of $6.6 million will be received. Granville Pacific Capital Corp.
shares V.GE are trading up 5 cents at $0.22.
