/Not for distribution to United States or for dissemination in the United States/
HALIFAX, Sept. 15, 2014 /CNW/ - (TSX: CLR): Clearwater Seafoods Incorporated is pleased to announce that it will be added to the S&P/TSX SmallCap Index, effective after the close of trading on Friday, September 19, 2014. Standard and Poor's Canadian Index Operations announced this addition on September 12, 2014, following results of their annual review of the S&P/TSX SmallCap Index.
"The addition of Clearwater Seafoods to the S&P/TSX SmallCap Index is important recognition of our progress over the past number of years in growing our market capitalization and the liquidity in our shares. We expect that our inclusion in this index will continue to drive investor interest in Clearwater " said Ian Smith, CEO.
The S&P/TSX SmallCap Index provides an investable index for the Canadian small cap market. The index is float adjusted and market cap weighted and was developed with industry input as the ideal benchmark for those with small cap exposure of the Canadian equity market. The Toronto Stock Exchange (TSX) serves as the distributor of both real-time and historical data for this index.
COMMENTARY REGARDING FORWARD-LOOKING STATEMENTS
This news release may contain "forward-looking information" as defined in applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Clearwater, constitute forward-looking information that involve various known and unknown risks, uncertainties, and other factors outside management's control. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect including, but not limited to, total allowable catch levels, selling prices, weather, exchange rates, fuel and other input costs. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information.
For additional information with respect to risk factors applicable to Clearwater, reference should be made to Clearwater's continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, Clearwater's Annual Information Form. The forward-looking information contained in this release is made as of the date of this release and Clearwater does not undertake to update publicly or revise the forward-looking information contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
No regulatory authority has approved or disapproved the adequacy or accuracy of this news release.
Clearwater is one of North America's largest vertically integrated seafood companies and the largest holder of shellfish licenses and quotas in Canada. It is recognized globally for its superior quality, food safety, diversity of species and reliable worldwide delivery of premium wild, eco-certified seafood, including scallops, lobster, clams, coldwater shrimp, crab and groundfish.
Since its founding in 1976, Clearwater has invested in science, people and technological innovation as well as resource ownership and management to sustain and grow its seafood resource. This commitment has allowed it to remain a leader in the global seafood market and in sustainable seafood excellence.
SOURCE: Clearwater Seafoods Incorporated
For further information:
Tyrone Cotie, Treasurer at (902) 457-8181 or look to Clearwater's website at www.clearwater.ca.