OTTAWA, Jan. 18, 2012 /CNW/ - SC Stormont Holdings Inc. ("Stormont" or the "Company") which is located at 1000 Innovation Drive, Suite 400, Ottawa, Ontario K2K 3E7 announced that since it's last early warning report it has (i) acquired 6,725,000 common shares and 6,350,000 warrants pursuant to a private placement (ii) sold 4,335,000 common shares privately; (iii) exercised 5,333,334 warrants and (iv) been granted 2,684,408 options of Clearford Industries Inc. (TSXV: CLI) ("Clearford"). Stormont currently owns 12,223,334 common shares, 1,016,666 warrants and 2,684,408 options. Stormont currently owns approximately 19.025% of the issued and outstanding Clearford common shares. Upon the exercise of the warrants and options of Clearford owned by Stormont, Stormont will hold approximately 23.436% of the issued and outstanding Clearford common shares. Stormont is majority owned by Roderick M. Bryden.
Stormont is holding the Clearford common shares for investment purposes.
Depending on market and other conditions, Stormont may from time to time in the future increase or decrease its ownership, control or direction over Clearford common shares or other Clearford securities through market transactions, private agreements or otherwise.
A report regarding this transaction has been filed on SEDAR and may be viewed at www.sedar.com.
NOTICE OF CONFIDENTIALITY: This transmission (including any attachments or links thereto), is intended only for the use of the individual or entity to which it is addressed and may contain confidential information, privileged material (including material protected by the solicitor-client or other applicable privileges), or otherwise constitute non-public information. Any use of this information by anyone other than the intended recipient is prohibited. Unauthorized use, dissemination, distribution, reproduction, or copying of this transmission by the intended or unintended recipients may be unlawful. If you have received this transmission in error, please immediately reply to the sender by telephone (613-591-9438) or email and delete this information from your system. Thank you.
MISE EN GARDE CONCERNANT LA CONFIDENTIALITI: L'information contenue dans ce courriel (y compris toutes pihces jointes et liens connexes) est riservie exclusivement ` l'usage de l*individu ou de l*entiti destinataire. Ce message peut jtre source d*information confidentielle, d*information priviligiie (y compris de l*information couverte par le secret professionnel ou visie par tout autre privilhge), ou contenir de l*information non divulguie au public. Tout emploi non autorisi, diffusion, distribution, reproduction ou duplication de ce message par le destinataire intentionel ou non pourrait jtre contraire ` la loi. Si vous avez regu cette communication par erreur, veuillez nous en aviser immidiatement par tiliphone au (613-591-9438) ou par courriel, et veuillez supprimer le message original. Merci.
For further information:
Please contact Sharilyn McNaughton at 613-287-3124