Clarke sells interest in investee company Bonnett's Energy Corp.

About this update from Clarke Inc.

[{"type":"text","content":"\n\n\nHALIFAX, Nov. 6, 2013 /CNW/ - Clarke Inc. (\"Clarke\") (TSX: CKI CKI.DB.A)\n is pleased to announce the close of the sale of its 25% interest in\n Bonnett's Energy Corp. (\"Bonnett's\") to BEC Acquisition Ltd., a\n subsidiary of Mill City Capital LP. Clarke received $7.08 per common\n share for total proceeds of $25.9 million.\n\n\nThe $7.08 sale price represents a 59% premium to the price of Bonnett's\n shares on January 1, 2013. Clarke estimates that it will recognize a\n net gain on the sale of marketable securities in the amount of $9.3\n million in 2013 relating to the sale of Bonnett's.\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 its return. Clarke's securities trade on the\n Toronto Stock Exchange (CKI; CKI.DB.A); for more information about\n Clarke, 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 fully reflecting the\n value of the Company's business.\n\n\nForward-looking statements rely on certain underlying assumptions that,\n if not realized, can result in such forward-looking statements not\n being achieved. Forward-looking statements involve known and unknown\n risks, uncertainties and other factors that could cause the actual\n results of Clarke to be materially different from the historical\n results or from any future results expressed or implied by such\n forward-looking statements. Risk...

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