Sturgeon Lake Development

SLDL made 3 major acquisitions: Acquired from Prince Albert Development Corp. the John E. McDonald Building, renamed the Sturgeon Lake Office Complex. Building has 30,000 square feet of rentable office space Purchased 33.6% shares into Glenmor industries Purchased 10% shares into Double Diamond Industries

Board of Directors appointed by Chief and Council of First Nation, as recommended by committee

Committee recommended a corporate structure, Sturgeon Lake Developments Ltd. (SLDL) and Sturgeon Lake Limited Partnership

Chief and Council appoint an “Economic Development Advisory Committee”; and directed them to prepare a long-term Plan

Cash Settlement ($4.5 M) to restore economic justice; put in Trust for future economic development