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Grace Islet transaction closes

Press Release

February 16, 2015

VICTORIA – The Nature Conservancy of Canada now holds title to Grace Islet, Forests, Lands and Natural Resource Operations Minister Steve Thomson confirmed today.

The Province has contributed $5.45 million, which is broken down as $850,000 for the land, and $4.6 million settlement agreement with the previous landowner. This amount represents costs incurred over the past two decades by the landowner and his lost opportunity for future enjoyment of the property. Incurred costs include items such as utility installation and archaeological, architectural and professional fees; as well as building contract and material costs for construction of a high-end house.

The Nature Conservancy of Canada, local First Nations and the Province now will be working on a remediation plan and long-term conservation management plan for the islet. Discussions are also occurring with other agencies which have expressed an interest in contributing towards the restoration and long-term conservation of the islet.

A reconciliation ceremony is being hosted by the First Nations next month.

Media Contacts:

Vivian Thomas
Communications Director
Ministry of Forests, Lands
and Natural Resource Operations
250 356-2475



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