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Colabor to Expand Its Presence in Ontario with Take-over Bid for the SKOR Food Group

Published: 03/23/2011

By Chris Hersh, Tom Koutoulakis, Lawrence D. Wilder

Colabor Group Inc. (TSX: GCL) ("Colabor" or the "Company") and The SKOR Food Group Inc. (TSXV: SKF) ("SKOR") announced today that they have entered into a support agreement dated March 22, 2011 (the "Support Agreement") pursuant to which Colabor has agreed to make an offer (the "Offer"), by way of a take-over bid, to acquire all of the issued and outstanding common shares of SKOR for $1.33 in cash per share, including common shares issued pursuant to the exercise of outstanding options of SKOR.

Cassels Brock is acting as legal advisor to the SKOR Food Group.  The lawyers involved are Lawrie Wilder, Tom Koutoulakis, Chris Hersh and Andrew Reback.