June 11 (Reuters) - AutoCanada Inc ACQ.TO :
* CLEARWATER CAPITAL URGES AUTOCANADA BOARD TO INITIATE STRATEGIC PROCESS
* CLEARWATER CAPITAL MANAGEMENT SAYS URGED AUTOCANADA TO FORM A SPECIAL COMMITTEE OF BOARD TO INITIATE A STRATEGIC PROCESS
* CLEARWATER CAPITAL SAYS REQUESTED PUBLIC CONFIRMATION FROM AUTOCANADA THAT IT HAS TAKEN ACTION TO FORM SPECIAL COMMITTEE & PURSUE STRATEGIC PROCESS