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mtsuttonSAM Magazine—Sutton, Que., March 8, 2016—During a Ski Sutton Inc. shareholders meeting this morning, 97 percent of those in attendance voted to approve an offer by a group of local investors to purchase the company, which includes Mont Sutton Ski Area. The investor group is led by current Mont Sutton GM Jean-Michel Ryan, and also includes Pierre Chesnay and Sylvain Gervais.

The ski area was founded by the Boulanger family in 1960, and they have been majority stakeholders ever since. “[We] appreciate the confidence and trust marked from the Boulanger family and from all the shareholders, who have recognized the quality of our offer and accepted it. We would like to thank all of those who supported us throughout the process,” Ryan said.

“Since we concluded the agreement with Ryan's group on Jan. 26, 2016, we never stopped believing that this offer is the best for the future and the development of the mountain,” said Hercule Boulanger. “The offer meets all of our wishes for the mountain. It respects the community, the employees, the shareholders, and the customers of Mont Sutton. We are happy to leave the mountain to this group.”

The transaction will be completed by March 10, after obtaining the final order from the court.