Douglas L. Mason

October 04, 2005 20:29 ET

Douglas L. Mason Acquires Additional Common Shares of Clearly Canadian Beverage Corporation

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 4, 2005) - Douglas L. Mason ("Mason"), of 2489 Bellevue Avenue, West Vancouver, BC V7V 1E1 (tel. 604-922-8100) has acquired 100,000 common shares of Clearly Canadian Beverage Corporation (the "Corporation"), and Beachfront Enterprises Limited Partnership ("Beachfront"), an affiliated and/or associated entity of Mason, has acquired 50,000 common shares of the Corporation. As a result of such acquisitions, Mason, directly and indirectly, and together with Beachfront, currently owns a total of 924,253 common shares of the Corporation, share purchase warrants exercisable into 15,500 common shares of the Corporation and incentive stock options exercisable into 683,966 common shares of the Corporation. Upon the exercise of the share purchase warrants and stock options in their entirety, Mason, directly and indirectly, and together with Beachfront, would hold 1,623,719 common shares of the Corporation, representing approximately 25.5% of the issued and outstanding share capital of the Corporation assuming the exercise of all warrants and options held by Mason. The securities of the Corporation owned by Mason are held for investment purposes. Further securities of the Corporation may be acquired by Mason in the market or privately from time to time.

This news release is being issued pursuant to section 111 of the Securities Act (British Columbia) and corresponding legislation of other provinces. Copies of the reports filed with securities regulatory authorities in conjunction with this news release may be obtained by contacting the undersigned at the address or telephone number noted above.

Douglas L. Mason


Contact Information

  • Douglas L. Mason - Press Release
    Douglas L. Mason
    (604) 922-8100