Freed Developments Ltd. entered into an agreement to acquire Canadian resort assets and surrounding development lands from Skyline Investments Inc. (TASE:SKLN) on September 20, 2021.In related transaction, Skyline Investments Inc. (TASE:SKLN) entered into definitive agreement of purchase and sale all of its remaining development lands at Blue Mountain Resort (“Blue Mountain”) (collectively the “Assets”) for an aggregate purchase price of $210 million. The purchase price represents approximately a $30 million premium to Skyline’s IFRS book value as at June 30, 2021.On Closing, Skyline will receive $109.299 million in cash and provide a vendor-take back mortgage loan (“VTB”) in the amount of $59.984 million, bearing annual interest at 5%. Interest will accrue and be paid quarterly, with the exception of interest related to Deerhurst, which will accrue quarterly and be paid in early 2024 on the 28th month after Closing in conjunction with the first scheduled principal repayment, and will paid monthly thereafter.The Transaction is expected to close on or about October 31, 2021.