/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
HALIFAX, March 10 /CNW/ - (Auckland, New Zealand - March 11, 2008) -
Sanford Limited ("Sanford") announced today that it disposed of
2,189,150 common shares ("Shares") of FP Resources Limited ("FPR") to
Clearwater Fine Foods Incorporated, representing approximately 16.25% of FPR's
total issued and outstanding Shares. An insider of Sanford has agreed to sell
an additional 16,800 Shares to Clearwater Fine Food Incorporated; this
transaction is expected to close later this week. Upon closing of both of
these dispositions, Sanford will no longer own directly or indirectly any
Shares and does not control any Shares. The Shares were and will be disposed
of through the facilities of The Toronto Stock Exchange.
Sanford held the Shares for general investment purposes and disposed of
the Shares as a result of a decision to pursue other investment opportunities.
For further information:
For further information: Eric Barratt, New Zealand, ph 64 9 379 4720