Colabor acquires more than 97% of Skor shares following its take-over bid

    BOUCHERVILLE, QC AND VAUGHAN, ON – Colabor Group Inc. (TSX: GCL) (“Colabor”) and The SKOR Food Group Inc. (TSXV:SKF) (“SKOR”) announced today that, as of May 9, 2011, 2278988 Ontario Inc., a wholly-owned subsidiary of Colabor, has taken up and will pay for and acquire 26,040,906 common shares of SKOR, representing approximately 97.4% of the outstanding SKOR Shares, pursuant to the March 30, 2011 offer, by way of a take-over bid, to acquire all of the issued and outstanding SKOR Shares for $1.33 per share.
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