ClubLink Corporation

ClubLink Corporation

August 29, 2007 09:07 ET

ClubLink Announces Redemption of Outstanding 6% Convertible Debentures

KING CITY, ONTARIO--(Marketwire - Aug. 29, 2007) - ClubLink Corporation ("ClubLink") (TSX:LNK) announced today that it will redeem on November 15, 2007, the outstanding 6% convertible unsecured subordinated debentures (the "Debentures") due May 15, 2008. The record date for the redemption is November 12, 2007. The aggregate amount of outstanding 6% convertible unsecured debentures as of the date hereof is $10,092,000. The Debentures will be redeemed at the Redemption Price which is equal to the outstanding principal amount of the Debentures to be redeemed, together with all accrued and unpaid interest thereon up to the redemption date, being $1,030.00 per $1,000 principal amount of the Debentures. Notice of the redemption will be mailed to holders of the Debentures in accordance with the Trust Indenture on September 17, 2007.

On the redemption date, the Redemption Price of each Debenture to be redeemed will become due and payable, the interest upon the principal amount of such Debenture shall cease to be payable from and after such date and the Debentures will be delisted from the Toronto Stock Exchange. The Redemption Price shall be paid by the Corporation on November 15, 2007 on presentation and surrender of the Debentures at CIBC Mellon Trust Company's office at 199 Bay Street, Commerce Court West, Toronto, Ontario.

ClubLink, founded in 1993, is Canada's largest owner, operator and developer of member golf clubs.

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