date:Aug 11, 2012
atisfied with the progress made in the second quarter and year-to-date towards our 2012 long term financial targets.
Mr Smith continued The Company's continuing strong earnings momentum, the C$450 million independent valuation of our quotas by TriNav Fisheries Consultants Inc. and the positive ratings issued by Moody's and Standard and Poors all contributed to Clearwater's ability to refinance its debt facilities on favourable terms in the second quarter, thereby providing the Company with the