May 6, 2011
Cooke Aquaculture Inc. to obtain Clearwater Seafoods income fund
Cooke Aquaculture Inc. declared that it decided to get 2,900,000 trust units of Clearwater Seafoods income fund at a price of CAD1.85 (US$1.92) per unit on May 4, 2011, in a confidential negotiated exchange.
The purchased units represent approximately 10.45% of the outstanding trust units of the fund and approximately 5.67% of the voting rights attached to all issued and outstanding securities of the fund. Following completion of the acquisition, Cooke will own 5,483,900 units, representing 19.76% of the outstanding trust units of the fund and approximately 10.73% of the voting rights attached to all issued and outstanding securities of the fund.
Cooke is acquiring the purchased units for investment purposes. Cooke may from time to time acquire additional securities of the fund or dispose of securities of the fund in the open market, by private agreement or otherwise.
Cooke Aquaculture Inc. is an Atlantic Canadian family owned salmon farming company with operations in Canada, Maine and Chile.