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TORONTO, ONTARIO--(Marketwire - July 29, 2011) - Clairvest Group Inc.("Clairvest") (TSX:CVG) and Clairvest Equity Partners Limited Partnership ("CEP") today announced that Tsuu T'ina Gaming Limited Partnership ("Tsuu T'ina"), the entity that owns the Grey Eagle Casino, completed a financing that enabled Tsuu T'ina to repay in full its debentures plus accrued interest totaling $31.1 million owing to Clairvest and CEP. The Grey Eagle Casino is located on Tsuu T'ina First Nation reserve lands, southwest of the City of Calgary, Alberta. Consistent with its ownership, Clairvest received 25% of this amount, or $7.8 million, the same as the March 31, 2011 carrying value for the debenture investment. |
