Stormont ups stake in Clearford

Clearford.jpgSC Stormont acquires four million common shares of Clearford Industries Inc., increasing its holdings in the wastewater treatment products maker to 17.5%. The shares represent about 15.59% of the issued and outstanding common shares of Clearford, a client of Stormont, which provides strategic and executive leadership to SMBs in exchange for equity. The company says it acquired the stock for investment purposes but did not disclose terms of the transaction. Stormont now owns 4.5 million Clearford common shares.

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