MISSISSAUGA, ON, July 28 /CNW/ - ClubLink Enterprises Limited (formerly
Tri-White Corporation) (the "Company") (TSX: CLK) announced today the
completion of the previously announced amalgamation (the "Amalgamation") of
ClubLink Corporation ("ClubLink") (TSX: LNK) and 2207610 Ontario Inc.
("2207610"), a wholly-owned subsidiary of the Company. The Amalgamation was
approved by the shareholders of ClubLink at the annual and special meeting
held on June 30, 2009. The amalgamated entity will continue to carry on
business under the name "ClubLink Corporation". The Company now indirectly
holds all of the outstanding shares of ClubLink Corporation.
As described in the ClubLink Corporation Management Information Circular
dated May 29, 2009, in accordance with the terms of the amalgamation agreement
dated May 29, 2009 among ClubLink Corporation, 2207610 and the Company,
shareholders of ClubLink Corporation, other than the Company and its
affiliates, received, for each common share of ClubLink, 1.1 common shares of
the Company.
The common shares of the Company issued in connection with the
Amalgamation are now listed and posted for trading on the Toronto Stock
Exchange under the new symbol CLK.
As previously announced, applications will be filed to de-list the common
shares of ClubLink from trading on the Toronto Stock Exchange and for ClubLink
Corporation to cease to be a reporting issuer. In order to receive share
certificates representing common shares in the Company, former shareholders of
ClubLink Corporation must deliver a properly completed Letter of Transmittal,
together with such shareholder's ClubLink Corporation share certificates and
any other document that is required to be delivered therewith to CIBC Mellon
Trust Company.
The Company also announced that Messrs. Bruce Simmonds and Patrick
Brigham, formerly members of the ClubLink Corporation board, have been
appointed to the Company's Board of Directors.
ClubLink Corporation is Canada's largest owner and operator of member
golf clubs.
ClubLink Enterprises Limited (formerly Tri-White Corporation) has a
proven record of building and delivering value through its corporate
investment operations. In addition to owning all of the shares in ClubLink,
the Company also owns a 100% interest in the historic White Pass & Yukon Route
Railway, including strategic holdings in the port operations and supporting
excursions, based in Skagway, Alaska.