Canada NewsWire
TORONTO, March 22, 2018
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
View original content: http://www.newswire.ca/en/releases/archive/March2018/22/c8401.html