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Clearford Industries Inc.

11:49 AM EST - Clearford Industries Inc. : announced that it has signed a $500,000 license agreement with West Capital Developments to implement its SBS® Collection Network as part of its Carp Airport Development. As part of the license agreement Clearford received an initial fee of $50,000 with the remainder of the contract being recognized over each of the three planned phases. Infrastructure construction is expected to begin in the Spring of 2014. Clearford Industries Inc. shares V.CLI are trading unchanged at $0.13.