ClubLink Corporation
TSX : LNK

ClubLink Corporation

April 26, 2007 09:36 ET

Tri-White Corporation Announces Increase in Ownership of ClubLink Corporation

KING CITY, ONTARIO--(CCNMatthews - April 26, 2007) - ClubLink Corporation ("ClubLink")(TSX:LNK) announced today that Tri-White Corporation ("Tri-White") has issued a press release disclosing that it has entered into an agreement with 2126521 Ontario Inc. to purchase 6,635,300 common shares in the capital of ClubLink at a price of $13.25 per common share for aggregate proceeds of $87,917,725 of which, $35 million dollars will be satisfied by way of a one year unsecured note with the balance in cash, and that the purchase is expected to close June 1, 2007. The press release issued in connection with this announcement disclosed that upon completion of the transaction Tri-White would beneficially own 11,995,475 common shares or approximately 70.7% of the issued and outstanding common shares of ClubLink.

ClubLink was advised that Tri-White is considering various options with respect to its holding in ClubLink, including the possibility of making an offer at the same price to the remaining shareholders of ClubLink.

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

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