HALIFAX, Jan. 26, 2015 /CNW/ - Clarke Inc. ("Clarke")
(TSX: CKI) acquired 589,000 common shares of Northern Frontier
Corp. ("Northern Frontier") at a price of $0.40 per common share, representing 2.5% of the
outstanding common shares of Northern Frontier. Immediately after
the transaction, Clarke Inc. owns 1,817,500 common shares of
Northern Frontier representing 7.8% of the outstanding common
shares.
Pursuant to the Securities Act (Ontario), Clarke, is presumed to be acting
jointly or in concert with Clarke Inc. Master Trust (the "Clarke
Pension Plan"). On an aggregate basis, Clarke and the Clarke
Pension Plan own, directly or indirectly, 2,656,300 common shares
of Northern Frontier, representing approximately 11.4% of the
outstanding common shares. Clarke expressly disclaims ownership of
any common shares owned by the Clarke Pension Plan.
Clarke may, from time to time, acquire additional securities of
Northern Frontier, dispose of some or all of the existing or
additional securities of Northern Frontier, or continue to hold the
securities of Northern Frontier in the normal course of Clarke's
investment activities.
About Clarke
Halifax-based Clarke invests in
a variety of private and publicly-traded businesses and
participates actively where necessary to enhance the performance of
such businesses and increase its return. Clarke's securities trade
on the Toronto Stock Exchange (CKI). For more information about
Clarke Inc., please visit our website at www.clarkeinc.com.
Note on Forward-Looking Statements and Risks
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.
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.