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Last updated on April 20, 2014 at 17:20 EDT

Clarke Inc. announces increased investment in Supremex Inc.

November 14, 2012

HALIFAX, Nov. 14, 2012 /CNW/ – Clarke Inc. (“Clarke”) (TSX: CKI
CKI.DB.A) announces that on November 14, 2012 it acquired 1,937,200
shares of Supremex Inc. (“Supremex”) through the facilities of the
Toronto Stock Exchange bringing its total holdings in Supremex to
9,801,900 shares, representing approximately 33.59% of the total
outstanding shares.

The purchase of the Supremex shares by Clarke was made for investment
purposes.  Clarke paid consideration of $1.05 per Supremex share.
Clarke may, from time to time, acquire additional shares of Supremex,
dispose of some or all of the existing or additional shares of
Supremex, or continue to hold the shares of Supremex in the normal
course of Clarke’s investment activities.

In purchasing the Supremex shares, Clarke relied on the private
agreement exemption from the formal take-over bid rules set out in
Section 100.1 of the Securities Act (Ontario). Clarke was entitled to rely on this exemption because each
of the conditions set out in Section 100.1 of the Securities Act (Ontario) was satisfied.

About Clarke

Halifax-based Clarke invests in a variety of private and publicly-traded
businesses and participates actively where necessary to enhance
performance and increase return. Clarke’s securities trade on the
Toronto Stock Exchange (CKI; CKI.DB.A); for more information about
Clarke Inc., please visit our website at www.clarkeinc.com.

Forward-Looking Statements

This press release may contain or refer to certain forward-looking
statements relating, but not limited to, Clarke’s expectations,
intentions, plans and beliefs with respect to Clarke. Often, but not
always, forward-looking statements can be identified by the use of
words such as “plans”, “expects”, “does not expect”, “is expected”,
“budget”, “estimates”, “forecasts”, “intends”, “anticipates” or “does
not anticipate”, or “believes”, or equivalents or variations, including
negative variations, of such words and phrases, or state that certain
actions, events or results, “may”, “could”, “would”, “should”, “might”
or “will” be taken, occur or be achieved. These forward-looking
statements include, but are not limited to, statements regarding the
trading price of the Company’s securities not fully reflecting the
value of the Company’s business.

Forward-looking statements rely on certain underlying assumptions that,
if not realized, can result in such forward-looking statements not
being achieved. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that could cause the actual
results of Clarke to be materially different from the historical
results or from any future results expressed or implied by such
forward-looking statements. Risks and uncertainties include, among
others, the Company’s investment strategy, legal and regulatory risks,
general market risk, potential lack of diversification in the Company’s
investments, and interest rates and foreign currency fluctuations. Although Clarke has attempted to identify important factors that could
cause actual actions, events or results or cause actions, events or
results not to be estimated or intended, there can be no assurance that
forward-looking statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in
such statements. Other than as required by applicable Canadian
securities laws, Clarke does not update or revise any such
forward-looking statements to reflect events or circumstances after the
date of this document or to reflect the occurrence of unanticipated
events. Accordingly, readers should not place undue reliance on
forward-looking statements.

SOURCE CLARKE INC.


Source: PR Newswire