ClubLink Corporation

ClubLink Corporation

October 06, 2005 13:58 ET

ClubLink Announces Normal Course Issuer Bid For Outstanding Debentures

KING CITY, ONTARIO--(CCNMatthews - Oct. 6, 2005) - ClubLink Corporation ("ClubLink") (TSX:LNK) announced today acceptance by The Toronto Stock Exchange (the "TSX") of ClubLink's Notice of Intention to commence a Normal Course Issuer Bid (the "NCIB"). Pursuant to the NCIB, ClubLink proposes to purchase for cancellation, from time to time, if it is considered advisable, up to $7,138,000 principal amount of its outstanding 6% convertible unsecured subordinated debentures (the "Debentures"), due May 15, 2008, being approximately 10% of the public float of the Debentures of $71,386,750, on the TSX commencing October 11, 2005. As at the date hereof, there are $75,184,000 principal amount of the Debentures issued and outstanding. The Board of Directors of ClubLink believes that such purchases are in the best interests of ClubLink and are a desirable use of corporate funds. All Debentures purchased by ClubLink pursuant to the NCIB will be cancelled. The NCIB will expire on October 10, 2006.

In September 2004, ClubLink announced a similar normal course issuer bid with respect to the Debentures. No Debentures were repurchased and cancelled by ClubLink under that bid, which expired on September 21, 2005.

ClubLink is Canada's largest owner, operator and developer of Golf Clubs.

ClubLink Corporation
15675 Dufferin Street
King City, Ontario
L7B 1K5

Telephone: 905-841-3730
Facsimile: 905-841-9055

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