Clearly Canadian Beverage Corporation
OTC Bulletin Board : CCBEF

Clearly Canadian Beverage Corporation

May 25, 2005 13:45 ET

Clearly Canadian Announces Closing of Private Placement with Standard Securities and Non-Brokered Private Placement


Further to the Company's May 24, 2005 news release, the Company announces that it has closed the remaining portion of its non-brokered private placement for additional gross proceeds of US$250,000. A total of 250,000 common shares were issued at a price of US$1.00 per share. In total, the Company has raised gross proceeds of US$3,075,000 through its recently completed brokered and non-brokered private placements.

Further to the Company's May 9, 2005 news release announcing the completion of its financing with BG Capital Group Ltd. ("BG Capital"), the Company announces that pursuant to its agreement with BG Capital, upon completion of the brokered and non-brokered private placements to raise gross proceeds of US$3,000,000, BG Capital exchanged its 2,000,000 Class A Preferred Shares for 2,000,000 Class B Preferred Shares of the Company, and the Company issued to BG Capital an aggregate of 657,506 common shares, of which (i) 450,000 common shares are in payment of a finder's fee for the non-brokered private placement; (ii) 7,506 common shares are in payment of dividends on the Class A Preferred Shares for 15 days that the Class A Preferred Shares were outstanding; and (iii) 200,000 common shares are in payment of dividends on the Class B Preferred Shares (payable in advance for the first year).

About BG Capital

BG Capital Group is a merchant bank specializing in small to mid-cap growth opportunities. Its holdings include 100%, 50% and largest shareholder positions in numerous public and private companies throughout the United States and Canada. BG Capital has over 20 years of investor relations experience as well as in-depth marketing and financial management expertise. It has an incredible track record of success in identifying promising enterprises and profitably growing them with an effective hands-on management style.

About Clearly Canadian

Based in Vancouver, B.C., Clearly Canadian Beverage Corporation markets premium alternative beverages and products, including Clearly Canadian® sparkling flavoured water and Clearly Canadian O+2® oxygen enhanced water beverage, which are distributed in the United States, Canada and various other countries. Additional information about Clearly Canadian may be obtained on the world wide web at

Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company's ability to raise additional debt and/or equity financing to fund operations and working capital requirements, the Company's analysis of its current and future sales and sales trends, its product distribution systems, as well as anticipated changes thereto, the Company's expectations regarding the effects of its restructuring efforts and its product distribution, promotional and marketing activities and the potential benefits of such changes, efforts and activities on its results of operations in future periods. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to, general economic conditions, changing beverage consumption trends of consumers, the Company's ability to generate sufficient cash flows to support general operating activities and capital expansion plans, competition, pricing and availability of raw materials, the Company's ability to maintain the current and future retail listings for its beverage products and to maintain favorable supply, production and distribution arrangements, laws and regulations and changes thereto that may affect the way the Company's products are manufactured, distributed and sold and other factors beyond the reasonable control of the Company. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission and with the British Columbia and Ontario Securities Commissions.


Douglas L. Mason, President and C.E.O.

CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of various trademarks, including CLEARLY CANADIAN®. CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries, produce, distribute and market CLEARLY CANADIAN®, CANADIAN O+2® and TRE LIMONE®.

Contact Information

  • Clearly Canadian Beverage Corporation
    Valerie Samson
    Manager, Communications
    800-663-5658 (USA) or 800-663-0227 (Canada)
    Clearly Canadian Beverage Corporation
    Clive Shallow
    Manager, Shareholder Relations
    800-663-5658 (USA) or 800-663-0227 (Canada)