AGREEMENT EXECUTED FOR THE MERGER OF INDIANHEAD AND BLACKJACK SKI RESORTS

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AGREEMENT EXECUTED FOR THE MERGER OF INDIANHEAD AND BLACKJACK SKI RESORTS

SAM Magazine—Bessemer, Mich., June 23, 2014—The following news was just released on Blackjack's Facebook page: Blackjack LLC, owner of Blackjack Mountain Resort, Mich., has executed a definitive agreement to acquire the assets of nearby Indianhead Mountain Resort, a combination that would combine two of the best and most well known ski resorts in the upper Midwest into a single ski and snowboard experience.

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“We are extremely excited about the opportunity to operate these resorts and tailor our offerings to produce the best possible ski experience to Midwest skiers,” says Barry Bolich, GM of Indianhead.

The proposed transaction is targeted to close prior by the end of July, subject to satisfactory completion of the terms of the agreement. The purchase price and terms are not being disclosed at this time. More detail will be available after closing.