Campar Capital Corporation announces Ontario Hearing for Approved Arrangement Transaction

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Oct. 9, 2016 /CNW/ - (TSXV: CHK.P) Campar Capital Corporation ("Campar"), announces today that, in order to effect the implementation of the arrangement transaction (the "Arrangement") which was unanimously approved at the meeting of Campar shareholders (the "Shareholders") held on October 6, 2016 by the Shareholders and Campar minority Shareholders who voted at such meeting (with approximately 86.3% of the issued and outstanding common shares having been voted and with no shareholders having dissented), it will attend at the Ontario Superior Court of Justice, Commercial List at 330 University Avenue, Toronto, 8th Floor at 9:30am on October 12, 2016 to seek an order (the "Final Order") approving the Arrangement in accordance with the Business Corporations Act (Ontario) (the "Ontario Hearing"). Shareholders and other interested persons are hereby notified that they have the right to appear and make submissions at the application for the Final Order at the Ontario Hearing.

This notice is in addition to the notice previously provided in the Information Circular dated September 7, 2016 and mailed to the Shareholders (the "Information Circular"), concerning the hearing for the Final Order approving the Arrangement scheduled for 4:00 pm (Toronto time) on October 11, 2016 at the Alberta Court of Queen's Bench, Calgary Court Centre, 601 - 5th Street SW, Calgary, Alberta (the "Alberta Hearing"). Any person desiring to appear at the Alberta Hearing shall have followed the steps set out in the Information Circular.

About Campar Capital Corporation

Campar is a real estate investment company focused on investments in the U.S. multi-family real estate sector. Campar owns an 80% interest in one U.S. multi-family residential property located in Texas.

The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.  Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Campar Capital Corporation

Daniel Drimmer, Chief Executive Officer, at Tel: [phone], [email protected]; or Martin Liddell, Chief Financial Officer, at Tel: [phone], [email protected]