Clearly Canadian Announces Further Private Placement.VANCOUVER, British Columbia--(BUSINESS WIRE)--March 29, 1996--The Company wishes to announce that it is proceeding with a private placement of 150,000 units, at a price of $2.21 per unit. Each unit is comprised of one common share and one non-transferable share purchase warrant entitling the holder to purchase an additional common share over a period of one year at an exercise price of $2.21 per share. This private placement will be with certain individuals who have an established relationship with the Company. The proceeds from this private placement ($331,500) will be applied to working capital for prospective project acquisitions, for product development and distribution initiatives and for investment diversification Diversification A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. . ON BEHALF OF THE BOARD OF DIRECTORS Douglas L. Mason, Director Chief Executive Officer and President -0- Note to Editors: CLEARLY CANADIAN This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. BEVERAGE CORPORATION is the registered holder of the trademark CLEARLY CANADIAN(R). CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , manufacture, distribute and market CLEARLY CANADIAN(R), CLEARLY TEA(TM) AND CLEARLY 2(TM) flavoured adj. 1. same as flavored; - of foods. and unflavoured water beverages. Through distribution and/or licensing agreements, CLEARLY CANADIAN(R) products are sold throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada, Japan, the United Kingdom, the Republic of Ireland, the Caribbean and other countries worldwide. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: Clearly Canadian Beverage Corporation Douglas L. Mason Director Chief Executive Officer and President (604) 683-0312 (604) 683-2256 (Fax) 1-800-663-5658 (U.S.A.) 1-800-663-0227 (Canada) |
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