The Chair of
Atuqtuarvik Corporation, Mr. John M. Hickes,
has announced the approval of a loan by
Atuqtuarvik Corporation to Sakku Investments
Corp. of Rankin Inlet, Nunavut.
?The loan will
assist Sakku Investments Corp. with their
share of the acquisition costs of the ship
M V Umiavut, a joint venture with Qikiqtaaluk
and Makivik Corporations,? Mr. Hickes reported.
Peter Tatty,
Chair of Sakku Investments Corp. says, ?the
loan will greatly assist Sakku Investments
Corp. in carrying out its? mandate to promote
business opportunities for the benefit of
Kivalliq Inuit?.
Sakku Investments
Corp. investigates business opportunities
that benefit the Inuit of the Kivalliq Region
through job creation, training and skills
transfer, and increased business growth
for Inuit entrepreneurs. The Corporation
is actively involved in joint ventures with
other Inuit and non-Inuit organizations.
Atuqtuarvik
Corporation provides investments and loans
to Inuit owned businesses creating benefits
for Inuit. Investments and loans from $100,000.
to $3 million are available for commercially
viable Inuit-owned projects that include
start-ups, acquisitions and expansions in
all sectors of the economy.
For further
information, please contact:
| Atuqtuarvik Corporation |
|
Atuqtuarvik Corporation |
John M. Hickes
Chairperson
Tel: (867) 645-2650
Fax: (867) 645-2640
|
|
K.J. (Ken) Toner
President and Chief Executive Officer
Tel: (867) 645-2784
Fax: (867) 645-2786 |
| Further
Contact Information |
|
|
|
