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.
