Newfoundland Capital Corporation Limited

DARTMOUTH, NS, April 11, 2014 /CNW/ - Harry R. Steele of Dartmouth, Nova Scotia announced today that he acquired control of an additional 500,000 Class A Subordinate Voting Shares of Newfoundland Capital Corporation Limited, representing 2.1% of those outstanding, at a price of $8.80 per share under a private agreement with one vendor.  Mr. Steele now owns or controls 16,236,675 Class A shares representing approximately 67.0% of the outstanding Class A Shares and 3,658,002 Class B Common Shares representing 97.0% of the outstanding Class B Common Shares.

The purchases were made for investment purposes.  Subject to regulatory limitations, Mr. Steele and companies controlled by him may acquire, dispose of or continue to hold shares in the normal course of his investment activities.

SOURCE: Newfoundland Capital Corporation Limited

REF: Scott G.M. Weatherby, Chief Financial Officer and Corporate Secretary, Newfoundland Capital Corporation Limited, 745 Windmill Road, Dartmouth, Nova Scotia B3B 1C2, Tel: [phone], Fax: [phone], e-mail: [email protected], Web: www.ncc.ca