MISSISSAUGA, ON, June 30 /CNW/ - Tri-White Corporation (TSX: TWH)
("Tri-White") announced today that at the annual and special meeting of
shareholders ("ClubLink Shareholders") of ClubLink Corporation (TSX: LNK)
("ClubLink") held earlier today in Oakville, Ontario, Canada, ClubLink
Shareholders (including a majority of minority shareholders) approved the
amalgamation (the "Amalgamation") of ClubLink and 2207610 Ontario Inc., a
wholly-owned subsidiary of Tri-White, as described in the ClubLink Management
Information Circular dated May 29, 2009 (the "ClubLink Circular"). Upon
completion of the Amalgamation, ClubLink will become a wholly-owned subsidiary
of Tri-White and continue to operate under the name of ClubLink Corporation.
Of the voting ClubLink Shareholders at today's meeting, 98.8% voted in favour
of the Amalgamation. In addition, minority shareholders voted 94.7% in favour
of the Amalgamation. Details of the voting results will be filed on SEDAR
As described in the ClubLink Circular, ClubLink Shareholders, other than
Tri-White and its affiliates, are entitled to receive 1.1 common shares of
Tri-White for each common share of ClubLink.
The Amalgamation is expected to occur on or prior to July 31, 2009. Once
the Amalgamation is effective, applications will be filed to de-list the
common shares of ClubLink from trading on the Toronto Stock Exchange and for
ClubLink to cease to be a reporting issuer.
Additionally, Tri-White announced that at its annual and special meeting
of shareholders ("Tri- White Shareholders") held earlier today in Oakville,
Ontario, Canada, Tri-White Shareholders approved the filing of articles of
amendment to change the name of "Tri-White Corporation" to "ClubLink
Enterprises Limited", as described in the Tri-White Management Information
Circular dated May 29, 2009. Details of the voting results will be filed on
SEDAR (www.sedar.com). It is expected that the articles of amendment effecting
the name change will be filed prior to the effective date of the Amalgamation.
Tri-White Corporation has a proven record of building and delivering
value through its corporate investment operations. Tri-White is the largest
shareholder in ClubLink Corporation. As well, it owns a 100% interest in the
historic White Pass & Yukon Route Railway, including strategic holdings in the
port operations and supporting excursions, based in Skagway, Alaska.
For further information:
For further information: For Tri-White contact: K. Rai Sahi, Chief
Executive Officer, Tri-White Corporation, 55 City Centre Drive, Mississauga,
Ontario, L5B 1M3, Telephone: (905) 281-3800, Facsimile: (905) 281-5890,