Edgefront Realty Corp. - Press Release

TSX-V: ED.P

TORONTO, Nov. 22, 2012 /CNW/ - Edgefront Realty Corp. (the "Company") has completed its initial public offering pursuant to a Prospectus dated October 29, 2012 (the "Prospectus") filed with the British Columbia, Alberta and Ontario Securities Commissions.  Effective at the opening of the market on November 26, 2012, the Company's common shares (the "Shares") will commence trading on Tier 2 of the TSX Venture Exchange (the "TSXV") under the symbol "ED.P".  Pursuant to the Prospectus, the Company issued 4,000,000 Shares for gross proceeds of $400,000.  Desjardins Securities Inc. acted as agent for the offering.  As compensation for acting as agent, the Company paid a 6% cash commission, a corporate finance fee, and issued options to purchase up to 240,000 Shares of the Company at a price of $0.10 per Share exercisable for a period of 24 months from the date the Shares are posted for trading on the TSXV.

The Company also intends to grant stock options to officers and directors of the Company to purchase up to 5,500,000 Shares at a price of $0.10 per Share, exercisable for a period of five years from the date the Shares commence trading on the TSXV.

The Company is designated as a Capital Pool Company by the TSXV.  The Company has not commenced commercial operations and has no assets other than cash.  The purpose of the offering is to provide the Company with funds to identify and evaluate businesses or assets with a view to completing a Qualifying Transaction (as defined in the Prospectus).  Any proposed Qualifying Transaction must be approved by the TSXV and, in the case of a non-arm's length Qualifying Transaction, must also receive majority approval of the minority shareholders.  Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed Qualifying Transaction.  For further information regarding the Company, the offering, and the Company's management team, see the Prospectus filed with the Company's disclosure documents on SEDAR at www.sedar.com.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Edgefront Realty Corp.

Kelly C. Hanczyk at [phone].