ClubLink to buy back up to 10% of convertibles

New York, Oct. 6 - ClubLink Corp. said it has received approval to buy back up to C$7.138 million or 10% of its C$71.38675 million outstanding 6% convertible unsecured subordinated debentures.

The move, a normal course issuer bid, was approved by the Toronto Stock Exchange.

The authorization runs through Oct. 10, 2006.

The King City, Ont., golf club operator announced a similar plan in September 2004 but did not buy and of the convertibles.

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