June 2013

Dear shareholders and prospective shareholders,

In early June, we presented the CRH story at the Pender Small Cap Investment Ideas Lunch – 2013. Pender Small Cap Opportunities Fund hosted the lunch and recently accumulated an ownership position in CRH Medical. The fund has about $23 million of assets under management; CRH makes up approximately five per cent of the fund’s holdings.

We presented alongside larger companies such as ICG Group (NASDAQ: ICGE) Sierra Wireless (TSX: SW) and Solium Capital Inc. (TSX: SUM). The audience – approximately 200 people – consisted mostly of local investment advisors and money managers.

According to data from the Globe and Mail, the Pender Small Cap Opportunities Fund produced average returns of 21.2 per cent during the past three years, and an average return of more than 26 per cent during the past year. For more information, click the link below.


We also continue to see improvements in our daily volume of shares traded. Year to date, average daily volume on the TSX has been 57.7 K. While average daily volume on the OTC QX has been 23.8 K. Both figures are notable improvements compared to the same period last year.

We look forward to sharing the July edition of the CRH Investor Bulletin with you, and as always, we appreciate your interest and support.

Adam Peeler
Media and Investor Relations
TMX Equicom
416.815.0700 x 225

We're a stable, profitable company respected by both patients and physicians. Learn more »