Clarke Inc. announces increased investment in Supremex Inc.

About this update from Clarke Inc.

[{"type":"text","content":"\n\n\n\n\n\nHALIFAX, Nov. 26, 2012 /CNW/ - Clarke Inc. (\"Clarke\") (TSX: CKI\n CKI.DB.A) announces that on November 26, 2012 it acquired 3,292,300\n shares of Supremex Inc. (\"Supremex\") through the facilities of the\n Toronto Stock Exchange bringing its total holdings in Supremex to\n 13,094,200 shares, representing approximately 45.12% of the total\n outstanding shares.\n\n\nThe purchase of the Supremex shares by Clarke was made for investment\n purposes.  Clarke paid consideration of $1.08 per Supremex share.\n Clarke may, from time to time, acquire additional shares of Supremex,\n dispose of some or all of the existing or additional shares of\n Supremex, or continue to hold the shares of Supremex in the normal\n course of Clarke's investment activities.\n\n\nIn purchasing the Supremex shares, Clarke relied on the private\n agreement exemption from the formal take-over bid rules set out in\n Section 100.1 of the Securities Act (Ontario). Clarke was entitled to rely on this exemption because each\n of the conditions set out in Section 100.1 of the Securities Act (Ontario) was satisfied.\n\n\nAbout Clarke\n\n\nHalifax-based Clarke invests in a variety of private and publicly-traded\n businesses and participates actively where necessary to enhance\n performance and increase return. Clarke's securities trade on the\n Toronto Stock Exchange (CKI; CKI.DB.A); for more information about\n Clarke Inc., 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 \"believes\", or equivalents or variations, including\n negative variations, of such words and phrases, or state that certain\n actions, events or results, \"may\", \"could\", \"would\", \"should\", \"might\"\n or \"will\" be taken, occur or be achieved. These forward-looking\n statements include, but are not limited to, statements regarding the\n trading price of the Company's securities not f...

More updates from Clarke Inc.