Clarke Inc. Announces increased investment in Royal Host Inc.

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[{"type":"text","content":"\n\n\nHALIFAX, Oct. 22, 2013 /CNW/ - Clarke Inc. (\"Clarke\") (TSX: CKI\n CKI.DB.A) announces that it has acquired $113,000 principal amount of\n the Royal Host Inc. (\"Royal Host\") 5.90% convertible debentures\n maturing June 2014 (\"Series D Debentures\") at a price of $909 per\n $1,000 of principal, convertible into 18,255 common shares, and $6,000\n principal amount of the 7.50% convertible debentures maturing September\n 30, 2018 (\"Series C Debentures\") at a price of $900 per $1,000 of\n principal amount, convertible into 1,714 common shares. On an as\n converted basis, such securities represent 0.12% of the common shares.\n\n\nClarke owns the following securities of Royal Host: 6,109,768 common\n shares, $3,431,000 principal amount of the 6.00% convertible debentures\n maturing October 31, 2015 (\"Series B Debentures\"), convertible into\n 720,798 common shares, $5,594,000 principal amount of the Series C\n Debentures, convertible into 1,598,286 common shares, and $6,577,000\n principal amount of the Series D Debentures, convertible into 1,062,520\n common shares. On an as converted basis, such securities represent\n 48.03% of the common shares.\n\n\nThe purchase of the Royal Host debentures by Clarke was made for\n investment purposes. Clarke may, from time to time, acquire additional\n debentures of Royal Host, dispose of some or all of the existing or\n additional debentures of Royal Host, or continue to hold the debentures\n of Royal Host in the normal course of Clarke's investment activities.\n\n\nAbout Clarke\n\n\nHalifax-based Clarke Inc. invests in undervalued businesses and\n participates actively where necessary to enhance performance and\n increase return. Clarke's securities trade on the Toronto Stock\n Exchange (CKI, CKI.DB.A); for more information about Clarke Inc.,\n please visit our website at www.clarkeinc.com.\n\n\nForward-Looking Statements\n\n\nThis press release may contain or refer to certain forward-looking\n statements relating, but not limited to, Clarke's expectations,\n intentions, plans and beliefs with respect to Clarke. Often, but not\n always, forward-looking statements can be identified by the use of\n words such as \"plans\", \"expects\", \"does not expect\", \"is expected\",\n \"budget\", \"estimates\", \"forecasts\", \"intends\", \"anticipates\" or \"does\n not anticipate\", or \"belie...

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