Building works at "Aheloy Resort" are resumed as of 1st September

Building works at "Aheloy Resort" are resumed as of
1st September 2016.

Signed "Construction Contract" with "San Marko Group"
EOOD for the execution of finishing works at "Aheloy
Resort" (building "N", vertical planning, landscape
and access road) in line with the LOI described in
Market Update of 23st June.

"Aheloy Resort" is scheduled to open and operate for
the full 2017 summer season.

Please see attached document for full report

For more information please contact:
Torbjørn Myhre, CEO Black Sea Property AS
Tel:+47 95257235
E-mail:tm@fenixsecurities.no