TORONTO, March 22, 2018
/CNW/ - Kernwood Limited ("Kernwood") reported pursuant
to the "Early Warning Requirements" of Ontario's securities laws that it purchased
75,700 common shares (the "Shares") of Black Diamond Group
Ltd. ("Black Diamond") on
March 12, 2018 in normal course transactions on the Toronto
Stock Exchange with the result that Kernwood, together with its
shareholders and related family members, collectively own 9,388,100
shares of Black Diamond representing approximately 16.944% of the
total outstanding Shares. The 75,700 Shares were purchased at an
average of $2.1532 per Share, for an
aggregate of $162,997.
Kernwood is a private holding company that invests in securities
of private and public companies.
The acquisition of the Black Diamond Shares by Kernwood was
undertaken for investment purposes. Kernwood does not have any
current plans or future intentions to buy or sell further Shares,
to solicit proxies or to otherwise participate in any significant
transaction involving Black
Diamond. Kernwood intends to review its investment on a
continuing basis and may engage in discussions with management of
Black Diamond concerning its
business and future plans. Depending on various factors, Kernwood
may in the future purchase or sell securities or engage in other
activities relating to Black
Diamond.
Kernwood's head office is located at 75 Wellington St. W., TD
South Tower, Suite 605, P.O. Box 346, TD Centre, Toronto, Ontario M5K 1K7.
Kernwood will be filing an Early Warning Report under
Black Diamond's profile on SEDAR
and copies of the report may be obtained at www.SEDAR.com or from
Kernwood by contacting Edward
Kernaghan at (416) 502-2074.
SOURCE Kernwood Limited