MISSISSAUGA, ON, June 1, 2012 /CNW/ - Paros Enterprises Limited ("Paros") today announced that it has acquired an additional 461,700 common shares of ClubLink Enterprises Limited (TSX:CLK) at a price of $6.80 per share. There are currently 26,370,132 common shares outstanding. Paros and S.N.A. Management Limited together with K. (Rai) Sahi, who exercises direct and indirect control over both companies and is a director, the chairman and chief executive officer of ClubLink, will, following this acquisition, beneficially own 17,595,906 common shares representing approximately 66.7% of the outstanding common shares of ClubLink.
The common shares were acquired through the facilities of the Toronto Stock Exchange for investment purposes only and Paros could increase or decrease its investment in ClubLink depending on market conditions or any relevant factors.
For further information:
Mr. K. (Rai) Sahi
55 City Centre Drive, Suite 1000
Mississauga, Ontario L5B 1M3