Cooke Aquaculture Inc. agrees to acquire units of Clearwater Seafoods Income Fund

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 transaction.

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:

MEDIA CONTACT:
Chuck Brown
Cooke Aquaculture Inc.
255 Metcalf Street
Saint John, NB
E2K 1K7
(506) 694.4909
chuck.brown@cookeaqua.com

Organization Profile

Cooke Aquaculture Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890