Parrish & Heimbecker, Limited Mails Notices of Compulsory Acquisition

WINNIPEG, Aug. 2, 2012 /CNW/ - Parrish & Heimbecker, Limited ("P&H") announces today that, further to its news release dated July 19, 2012, notices of compulsory acquisition under the Business Corporations Act (Ontario) dated August 2, 2012 (the "Notice") and related letters of transmittal have been mailed by P&H to holders of common shares of Thirdcoast Limited ("Thirdcoast") who did not tender their common shares to the P&H offer (the "Offer") to acquire any and all of the issued and outstanding Thirdcoast shares not already owned by P&H.

Upon completion of the compulsory acquisition process, P&H intends to take the necessary steps to have Thirdcoast cease to be a reporting issuer under the securities laws of the Province of Ontario.

Thirdcoast shareholders may obtain a free copy of the Notice and related letter of transmittal online at www.sedar.com.

Forward-Looking Statements
This release includes forward-looking statements regarding P&H, Thirdcoast and their respective businesses. The forward looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting P&H, Thirdcoast and their respective businesses. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and P&H does not undertake any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

About P&H
Winnipeg, Manitoba-based Parrish & Heimbecker, Limited is a 103 year old privately held Canadian company with grain elevators, terminals and flour mills across Canada. P&H has grown into a diversified, vertically integrated company that is committed to agribusiness and the entire agri-food industry. The P&H group of companies covers a wide spectrum of the agribusiness sector, mirroring very closely the diverse face of Canadian agriculture. P&H is actively growing and adapting to meet changing demands of the consumer. For more information, visit http://www.parrishandheimbecker.com.

This press release does not constitute an offer to buy or an invitation to sell, or the solicitation of an offer to buy or invitation to sell, any securities of Thirdcoast.

SOURCE: Parrish & Heimbecker, Limited

For information in respect of the compulsory acquisition or how to tender your shares please contact:
Information Agent:
Laurel Hill Advisory Group
North American Toll Free: 1-877-452-7184
Email: [email protected]
Banks and Brokers and collect calls outside North America
1-416-637-4661

Depositary:
Olympia Transfer Services Inc.
Telephone (Local) 416-364-8081
North American Toll Free: 866-887-2984
Email: [email protected]
Facsimile: 416-364-1827