Peak Resorts Inc fka SKIS

[BigCat]

PEAK RESORTS ANNOUNCES MOUNT SNOW EB-5 PROJECT APPROVAL

Company Release - 5/25/2016 4:15 PM ET
WILDWOOD, Mo., May 25, 2016 (GLOBE NEWSWIRE) -- Peak Resorts, Inc. (NASDAQ:SKIS), a leading owner and operator of high-quality, individually branded ski resorts in the United States, today announced that the United States Citizenship and Immigration Services (USCIS) approved the company’s Mount Snow EB-5 program. The related $52 million in funds raised from investors for the Mount Snow development projects will be released from escrow immediately following the approval of the first I-526 Petition submitted by an investor in the Mount Snow EB-5 offering. Historically, the Petition approvals occur shortly after program approval.

http://ir.peakresorts.com/file/Index?KeyFile=34487292