ClubLink Enterprises Limited announces renewal of normal course issuer bid
Stock Symbol: (TSX: CLK)
MISSISSAUGA, ON,
The notice provides that ClubLink Enterprises may, during the twelve-month period commencing
ClubLink Enterprises purchased 44,508 Common Shares for cancellation during the last twelve months at an average cost per share of
ClubLink Enterprises believes that its Common Shares have been trading in price ranges which do not adequately reflect their value in relation to the business of ClubLink Enterprises and its future business prospects. As a result, depending upon future price movements and other factors, ClubLink Enterprises believes that its outstanding Common Shares may represent an attractive investment. Furthermore, the purchases are expected to benefit all persons who continue to hold Common Shares by increasing their proportionate interest in ClubLink Enterprises. All Common Shares purchased by ClubLink Enterprises under the normal course issuer bid will be cancelled.
ClubLink Enterprises has a proven record of building and delivering value through its corporate investment operations. In addition to owning all of the shares in ClubLink Corporation, ClubLink Enterprises also 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: Robert Visentin, Chief Financial Officer, Tel: (905) 841-5360, Fax: (905) 841-1134, e-mail: [email protected]; Beverley G. Flynn, Secretary, Tel: (905) 281-5923, Fax: (905) 281-5890, e-mail: [email protected]
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