AN IMPORTANT MESSAGE TO SHARE HOLDERS, FRIENDS, AND CUSTOMERS
Due to numerous requests from friends and customers we have been working on a way to keep Horseshoe Valley Paintball open for business.
As many of you know Horseshoe Valley Paintball like so many other parks have run into a challenge with the Township and if we are to have a park we have to apply to rezone some land, and submit a new site plan. Fair or not, it is what we have to do. It will cost money, money we didn't plan on spending or put aside to budget for - plain and simple.
We thought it over, and discussed it with our lawyers to see if and how it can work.
First of all we are not soliciting investment, there are shares available to purchase and this letter is an explanation of the kind or type of shares available what they will be used for and the challenges.
We are raising funds to pay for the Lawyers, the Planners, the Re-zoning Costs, the Site Plan Costs, and the costs associated with getting this done with the Township, retire some payables, and purchase some capital equipment.
According to our Municipal lawyer rezoning and site plan approvals normally take 3- 6 months to obtain, submission to the Township, and hearings are a normal part of the process. There may be an Ontario Municipal Board hearing (according to the lawyer this would not be unusual). So we have to budget for these things.
We have spoken with a number of other park owners and they have gone through the same things and in each case succeeded and are open for business.
So we have worked with our corporate lawyer at Stewart Esten, and municipal lawyer at Burger Rowe to make sure we do this right and let you know we are limited to the number of shareholders we can have.
There are two types of shares available.
• Series One Class Preference Shares for $2.00 per share with an annual return on investment of 5% - Minimum purchase of $5,000
• Class B Equity (Common) Non-Voting shares purchase for $1.00 per share with an annual return on investment based on Net Profit – Minimum purchase of $5,000 = 1% Equity Ownership.
• No investment will be accepted until all required investment funds can be met first - no exceptions.
• There is a comprehensive business plan available approved by the Royal Bank of Canada and the Canadian Federal Government.
• An initial $75,000 needs to be raised to move forward.
You should be aware of the up side to the paintball business which is the money it can make. Most scenario paintball parks have a net profit of 20% and higher after the first couple of years of operation and is covered in detail in the business plan.
Once we have obtained enough people who are interested in investing, we will hold a meeting to discuss, and answer questions before we proceed and accept your investment. We are confident from all the Legal and business advice we have received it will be a profitable endeavor and are committed to keeping everyone who becomes a shareholder of the progress we make moving forward.
I trust this letter answers some of the questions we have been gotten, contact us via email or phone anytime.
Best regards,
Monty Childs
Horseshoe Valley Paintball Inc.
