Clearwater Seafoods Incorporated Announces Closing of $34 Million Bought Deal Financing

Clearwater Seafoods Incorporated Announces Closing of $34 Million Bought Deal 
HALIFAX, Feb. 4, 2014 /CNW/ - Clearwater Seafoods Incorporated (TSX: CLR) 
("the Company" or "Clearwater") is pleased to announce that it has completed 
the issuance to the public, on a bought deal basis, of 3,530,000 common shares 
("Shares") from the treasury of the Company. The Shares were offered at a 
price of $8.50 per Share, for gross proceeds to Clearwater of approximately 
$30 million. The syndicate of investment dealers was co-led by Cormark 
Securities Inc. and Beacon Securities Limited (the "Underwriters"). 
In addition, the Underwriters also exercised their option (the "Over-Allotment 
Option") to purchase an additional 499,400 common shares from the treasury of 
the Company at the offering price, resulting in total gross proceeds from the 
offering, including the proceeds from the partial exercise of the 
Over-Allotment Option, of approximately $34 million. 
As announced on January 13, 2014, the net proceeds of the offering will be 
used for growth opportunities and general working capital. 
The Shares were also offered in the United States on a private placement basis 
pursuant to an exemption from the registration requirements of the United 
States Securities Act of 1933, as amended. 
This news release does not constitute an offer of securities for sale in the 
United States. The securities being offered have not been, nor will they be, 
registered under the United States Securities Act of 1933, as amended, and 
such securities may not be offered or sold within the United States absent 
U.S. registration or an applicable exemption from U.S. registration 
This news release may contain "forward-looking information" as defined in 
applicable Canadian securities legislation. All statements other than 
statements of historical fact, included in this news release, including, 
without limitation, statements regarding future plans and objectives of 
Clearwater, constitute forward-looking information that involve various known 
and unknown risks, uncertainties, and other factors outside management's 
control. Forward-looking information is based on a number of factors and 
assumptions which have been used to develop such information but which may 
prove to be incorrect including, but not limited to, total allowable catch 
levels, selling prices, weather, exchange rates, fuel and other input costs.  
There can be no assurance that such information will prove to be accurate and 
actual results and future events could differ materially from those 
anticipated in such forward-looking information. 
For additional information with respect to risk factors applicable to 
Clearwater, reference should be made to Clearwater's continuous disclosure 
materials filed from time to time with securities regulators, including, but 
not limited to, Clearwater's Annual Information Form. The forward-looking 
information contained in this news release is made as of the date of this news 
release and Clearwater does not undertake to update publicly or revise the 
forward-looking information contained in this news release, whether as a 
result of new information, future events or otherwise, except as required by 
applicable securities laws. 
No regulatory authority has approved or disapproved the adequacy or accuracy 
of this news release. 
About Clearwater 
Clearwater is one of North America's largest vertically integrated seafood 
companies and the largest holder of shellfish licenses and quotas in Canada. 
It is recognized globally for its superior quality, food safety, diversity of 
species and reliable worldwide delivery of premium wild, eco-certified 
seafood, including scallops, lobster, clams, coldwater shrimp, crab and 
Since its founding in 1976, Clearwater has invested in science, people and 
technological innovation as well as resource ownership and management to 
sustain and grow its seafood resource. This commitment has allowed it to 
remain a leader in the global seafood market and in sustainable seafood 

SOURCE  Clearwater Seafoods Incorporated 
Robert Wight, Chief Financial Officer, Clearwater, (902) 457-2369;  Tyrone 
Cotie, Treasurer, Clearwater, (902) 457-8181 
To view this news release in HTML formatting, please use the following URL: 
CO: Clearwater Seafoods Incorporated
ST: Nova Scotia
-0- Feb/04/2014 14:12 GMT
Press spacebar to pause and continue. Press esc to stop.