date:Aug 11, 2012
d with expected strong cash flows in the last half of the year, is expected to result in an ongoing strong liquidity position.
Reduction in Clearwater's cost of capital - Clearwater's weighted average cost of debt is expected to decrease by approximately two per cent per annum yielding a reduction of annual interest costs that, based on the debt facilities outstanding at close, approximates C$4.6 million per annum.
Provides a solid and more flexible capital structure to allow management to conti