PRL Park Lawn Company Limited

Park Lawn Company Limited ("Park Lawn") (CNSX:PRL) announced today that the
board of directors has authorized management to proceed with an application for
an amendment to the City of Toronto Official Plan and Zoning Bylaw for the
Company's 2.9 Acre parcel of land at 57 Linelle Street.


The Company wishes to use the land for residential purposes. The land, which was
previously zoned to permit residential uses, was rezoned in 1993 to permit the
development of a two storey mausoleum structure of approximately 186,000 square
feet. At that time a one foot reserve was granted to the City of Toronto
blocking access to the site from Linelle Street. Access to the site is currently
available by means of an access easement with Park Lawn Corporation which owns
the mausoleum buildings to the north of the site. The application, which will be
filed early in 2012, will attempt to have the access to Linelle Street opened.
There is no guarantee that the necessary municipal approvals will be received in
which case the Company will explore uses for the property that comply with the
current zoning.


Park Lawn Company Limited owns a 2.9 acre parcel of land at 57 Linelle Street
and the house and land located at 53 Linelle Street which is located immediately
adjacent to the 57 Linelle Street property. The Company also holds a Promissory
Note in the amount of $5,662,775 issued by Park Lawn Corporation.

Park Lawn (CSE:PRL)
Historical Stock Chart
From Apr 2024 to May 2024

Park Lawn (CSE:PRL)
Historical Stock Chart
From May 2023 to May 2024