Press Release: Intrawest Corporation
January 15, 2002
VANCOUVER, BC -- Intrawest Corporation yesterday announced that its shareholders have passed a special resolution
to approve the continuance of the company under the Canada Business Corporations Act (CBCA). The company is sending
to the Director under the CBCA articles of continuance and other required documents. It is anticipated that the
continuance will become effective January 14, 2002.
Intrawest was previously governed by the British Columbia Company Act. Management believes that the continuance
will permit Intrawest to take advantage of the more modern corporate law procedures provided by the CBCA.
Intrawest Corporation (IDR:NYSE; ITW:TSE) is the leading developer and operator of village-centered resorts across
North America. The company owns 10 mountain resorts, including Whistler Blackcomb, North America's most popular
mountain resort. Intrawest also owns Sandestin Golf and Beach Resort in Florida and has a premier vacation ownership
business, Club Intrawest. The company has a significant investment in Compagnie des Alpes, the largest ski company
in the world in terms of skier visits and a 45 per cent interest in Alpine Helicopters Ltd., owner of Canadian
Mountain Holidays, the largest heli- skiing operation in the world. The company is headquartered in Vancouver,
British Columbia and is located on the World Wide Web at www.intrawest.com.
Statements contained in this release that are not historical facts are forward-looking statements that involve
risks and uncertainties. Intrawest's actual results could differ materially from those expressed or implied by
such forward-looking statements. Factors that could cause or contribute to such differences include, but are not
limited to, seasonality, weather conditions, competition, general economic conditions, currency fluctuations and
other risks detailed in the company's filings with the Canadian securities regulatory authorities and the U.S.
Securities and Exchange Commission.
For additional information, contact Mr. Daniel Jarvis, executive vice
president and chief financial officer, (604) 669-977
If you would like to receive future Intrawest news releases by email,
please contact investor_relations@intrawest.com.
SOURCE: Intrawest Corporation