Acasta Enterprises Inc. announces filing of preliminary non-offering prospectus in relation to annoucement of qualifying acquisition

TORONTO, Nov. 11, 2016 /CNW/ - Acasta Enterprises Inc. (TSX: AEF.A and AEF.WT) (the "Company") today it has filed its preliminary non-offering prospectus in connection with the proposed qualifying acquisition announced on November 10, 2016. The preliminary non-offering prospectus, as well as an accompanying investor presentation, are available on the System for Electronic Document Analysis and Retrieval ("SEDAR") under the Company's profile or on the Company's website at www.acastaenterprises.com.

Conference Call Information

Senior management of the Company hosted an investor conference call today to provide shareholders an opportunity to hear from and ask questions of management.

A replay of the call is available at 1 [phone] or 1 [phone], passcode 8307073.

About Acasta Enterprises Inc.

Acasta is a special purpose acquisition corporation that raised $402.5 million in an Initial Public Offering, in July 2015, with the purpose of effecting a qualifying acquisition. With the approval of these three transactions, Acasta will become a private equity manager and will launch a private equity fund to pursue further market opportunities.

www.acastaenterprises.com

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Acasta Enterprises Inc.

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Richard Smith, Chief Operating Officer and Chief Financial Officer, Acasta Enterprises Inc. at [phone]