Clearly Canadian Acquires Additional Sun-Rype Shares.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Nov. 27, 1997-- Clearly Canadian Bev(NASDAQ:CLCDF) (VSE:CLV (Constant Linear Velocity) Rotating a disk at varying speeds. By changing speed depending on which track is being accessed, the density of bits in each track can be made uniform. It allows the data transfer rate to be constant and the outer tracks to hold more data than the inner ones. CLV is used on optical media such as CDs and DVDs. In practice, the rotation does not change precisely from every track to the next..) Clearly Canadian Beverage Corporation (the "Company") wishes to announce that it has since April 1997 purchased 206,200 Class B subordinate voting shares in the capital of Sun-Rype Products Ltd. ("Sun-Rype") through the facilities of The Toronto Stock Exchange at prices ranging between $1.91 and $2.75 per share. As a result of the shares of Sun-Rype previously acquired by the Company through private acquisitions, a formal takeover bid and the shares acquired through the market, the Company owns 1,210,276 Class B subordinate voting shares, representing, to the Company's knowledge, 12.2 percent of the outstanding shares of that class. The Company may acquire further shares in order to ensure that its ownership position remains greater than 10 percent of the outstanding Class B shares of Sun-Rype. Clearly Canadian Beverage Corporation is a publicly held company which trades on both NASDAQ and the Vancouver Stock Exchange. Based in Vancouver, British Columbia, the Company is a leading producer of premium beverages, including its "Core Brand" Clearly Canadian(R) sparkling flavoured water and its "texturally enhanced" Orbitz(TM) brand, which are distributed extensively in the United States, Canada and numerous countries worldwide. ON BEHALF OF THE BOARD OF DIRECTORS DOUGLAS L. MASON, PRESIDENT, CHIEF EXECUTIVE OFFICER AND DIRECTOR CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of the trademark CLEARLY CANADIAN(R). CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries, manufacture, distribute and market CLEARLY CANADIAN(R), CLEARLY TEA(TM), CLEARLY 2(TM), CLEARLY CANADIAN QUENCHER(TM) and ORBITZ(TM) flavored and unflavored beverages. -0- The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Clearly Canadian Beverage Corporation Kelly Lendvoy, 604/ 683-0312 |
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