SAINT JOHN, NB, May 4 /CNW/ - Cooke Aquaculture Inc. ("Cooke") today
announced that on May 4, 2011, it agreed to acquire 2,900,000 trust
units (the "Purchased Units") of Clearwater Seafoods Income Fund (the
"Fund") at a price of $1.85 per unit, in a privately negotiated
The Purchased Units represent approximately 10.45% of the outstanding
trust units of the Fund and approximately 5.67% of the voting rights
attaching to all issued and outstanding securities of the Fund.
Following completion of the acquisition, Cooke will own 5,483,900
Units, representing 19.76% of the outstanding trust units of the Fund
and approximately 10.73% of the voting rights attaching to all issued
and outstanding securities of the Fund.
Cooke is acquiring the Purchased Units for investment purposes. Cooke
may from time to time acquire additional securities of the Fund or
dispose of securities of the Fund in the open market, by private
agreement or otherwise.
A copy of the early warning report in respect of the acquisition will be
available at www.sedar.com.
Cooke Aquaculture Inc. is an Atlantic Canadian family owned salmon
farming company with operations in Canada, Maine and Chile.
SOURCE Cooke Aquaculture Inc.
For further information:
For additional information, or for a copy of the early warning report, please contact:
Cooke Aquaculture Inc.
255 Metcalf Street
Saint John, NB