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Clairvest Completes Sale of a Portion of Gateway Casinos Income Fund
Clairvest Group Inc. (TSX:CVG) announced today it has completed a
previously-announced sale of 1,136,094 units of Gateway Casinos Income
Fund for gross proceeds of $17.8 million.
Clairvest will continue to hold 3,365,876 units of the Fund,
representing approximately 12.7% of the outstanding units.
Clairvest Group Inc. (TSX: CVG) is a Toronto-based merchant bank that
forms mutually beneficial investment partnerships with entrepreneurial
corporations. The Company invests in both established and emerging
companies, which have the potential to create above-average returns.
Clairvest contributes financing and strategic expertise to support the
growth and development of its entrepreneur partners and realizes value
through eventual disposition of its investments, once its target
objectives have been achieved.
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