HALIFAX,
June 12, 2012 /CNW/ - Clarke Inc.
("Clarke") (TSX: CKI CKI.DB.A) announces that it has acquired
10,000 shares of Bonnett's Energy Corp. ("Bonnett's") through the
facilities of the Toronto Stock Exchange bringing its total
holdings in Bonnett's to 3,107,930 shares, representing
approximately 21.53% of the total outstanding shares.
The purchase of the Bonnett's shares by Clarke
was made for investment purposes. Clarke paid consideration
of $4.00 per Bonnett's share. Clarke
may, from time to time, acquire additional shares of Bonnett's,
dispose of some or all of the existing or additional shares of
Bonnett's, or continue to hold the shares of Bonnett's in the
normal course of Clarke's investment activities.
In purchasing the Bonnett's shares, Clarke
relied on the normal course purchase exemption from the formal
take-over bid rules set out in Section 100 of the Securities
Act (Ontario). Clarke was
entitled to rely on this exemption because each of the conditions
set out in Section 100 of the Securities Act (Ontario) was satisfied.
About Clarke
Halifax-based
Clarke invests in a variety of private and publicly-traded
businesses and participates actively where necessary to enhance
performance and increase return. Clarke's securities trade on the
Toronto Stock Exchange (CKI; CKI.DB.A); for more information about
Clarke Inc., please visit our website at www.clarkeinc.com.
Forward-Looking Statements
This press release may contain or refer to
certain forward-looking statements relating, but not limited to,
Clarke's expectations, intentions, plans and beliefs with respect
to Clarke. Often, but not always, forward-looking statements can be
identified by the use of words such as "plans", "expects", "does
not expect", "is expected", "budget", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes",
or equivalents or variations, including negative variations, of
such words and phrases, or state that certain actions, events or
results, "may", "could", "would", "should", "might" or "will" be
taken, occur or be achieved. These forward-looking statements
include, but are not limited to, statements regarding the trading
price of the Company's securities not fully reflecting the value of
the Company's business.
Forward-looking statements rely on certain
underlying assumptions that, if not realized, can result in such
forward-looking statements not being achieved. Forward-looking
statements involve known and unknown risks, uncertainties and other
factors that could cause the actual results of Clarke to be
materially different from the historical results or from any future
results expressed or implied by such forward-looking statements.
Risks and uncertainties include, among others, the Company's
investment strategy, legal and regulatory risks, general market
risk, potential lack of diversification in the Company's
investments, and interest rates and foreign currency fluctuations.
Although Clarke has attempted to identify important factors that
could cause actual actions, events or results or cause actions,
events or results not to be estimated or intended, there can be no
assurance that forward-looking statements will prove to be accurate
as actual results and future events could differ materially from
those anticipated in such statements. Other than as required by
applicable Canadian securities laws, Clarke does not update or
revise any such forward-looking statements to reflect events or
circumstances after the date of this document or to reflect the
occurrence of unanticipated events. Accordingly, readers should not
place undue reliance on forward-looking statements.
SOURCE CLARKE INC.