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Brick Brewing Reaches Settlement

  //house-home.news-articles.net/content/2011/05/13/brick-brewing-reaches-settlement.html
  Published in House and Home on Friday, May 13th 2011 at 15:30 GMT by Market Wire
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WATERLOO, ON, May 13 /CNW/ - Brick Brewing Co. Limited ("Brick" or the "Company") (TSX: BRB), Ontario's largest Canadian-owned and Canadian-based publicly held brewery, today announced that Brick and its co-defendants have reached a settlement of the legal proceeding commenced against them by certain of Brick's shareholders claiming, among other things, that the non-brokered, non-arms' length private placement financing that closed on October 31, 2008 (the "Offering") was prejudicial and unfairly disregarded them (originally announced by the Company by press release on March 24, 2009).  As previously disclosed, the legal proceeding named as defendants, in addition to Brick, the insiders of Brick that participated in the Offering. 

Brick and its co-defendants are receiving a release and the parties have otherwise agreed to keep the terms of the settlement confidential.

Additional Information

Additional information relating to the Company, including its Annual Information Form, is available on the investors section of the Company's website at [ www.brickbeer.com ] and on SEDAR at [ www.sedar.com ].

About Brick Brewing

Brick Brewing Co. Limited is Ontario's largest Canadian-owned and Canadian-based publicly held brewery. The Company is a regional brewer of award winning premium quality and value beers. The Company, founded in 1984, was the first craft brewery to start up in Ontario, and is credited with pioneering the present day craft brewing renaissance in Canada. The Company has complemented its Waterloo family of premium craft beers with other popular brands such as Laker, Red Baron, Red Cap and Formosa Springs Draft. Brick trades on the TSX under the symbol BRB. Visit us at [ www.brickbeer.com ]