HALIFAX, Dec. 21, 2012 /CNW/ - Mickey MacDonald of Halifax, Nova Scotia,
announced today that he has acquired 5,591,575 common shares of
Clearwater Seafoods Incorporated at a price of $3.30 per share,
representing approximately 11.0% of the issued and outstanding
Clearwater shares. Mr. MacDonald owns or controls 10,571,229
Clearwater shares or 20.8% of those outstanding. Mr. MacDonald and
persons who may be acting jointly or in concert with him collectively
beneficially own 35,227,651 Clearwater shares representing
approximately 69.1% of those outstanding.
In purchasing the Clearwater shares, Mr. MacDonald has relied on the
private agreement exemption from the formal takeover bid rules set out
in section 4.2 of Multilateral Instrument 62-104. The purchase was
made from two vendors at a cost of less than 115% of the market price
of the Clearwater shares. The purchase of Clearwater shares by Mr.
MacDonald was for investment purposes. Mr. MacDonald may from time to
time acquire, dispose of or hold shares of Clearwater in the normal
course of his investment activities.
SOURCE: Stewart Mckelvey
For further information:
Dennis Amirault, CA
Chief Financial Officer
Phone: (902) 445-0999