Valucap completes private placement

USA - English

TORONTO, April 1 /CNW/ - Valucap Investments Inc. (V-TSXV) ("Valucap") announced that it has completed its previously announced private placement of units of the Company (each, a "Unit") at $0.10 per Unit. 5,000,000 units were sold for gross proceeds of $500,000. Each Unit consists of one common share of Valucap (a "Common Share") and one warrant entitling its holder to purchase one Common Share at an exercise price of $0.16 for a period of 18 months from issuance (a "Warrant"). Harris Brown & Partners Limited acted as Valucap's agent for the offering. The net proceeds of the offering will be used to finance Valucap's business of acquiring interests in investee companies in accordance with Valucap's investment strategy, and for working capital.

Pursuant to the private placement, NorthStar Bancorp Limited ("NorthStar") acquired 1,550,000 Common Shares and 1,550,000 Warrants at the same price as other investors under the private placement. As a result, NorthStar now has ownership of 10,014,062 Common Shares (11,564,062 if it exercises all of its Warrants), representing approximately 35% of the issued and outstanding Common Shares, based on a total of 28,375,523 Common Shares issued and outstanding (38.3% if it exercises all of its Warrants). NorthStar acquired such securities for investment purposes and to support Valucap, and does not intend to acquire any additional Common Shares except as may be necessary to fill shortfalls in future financings of Valucap.

About Valucap

Valucap is an investment issuer and is interested in acquiring influential positions in venture stage Canadian technology companies. Valucap seeks to invest in companies that are positioned to leverage the rapid adoption of emerging technology shifts such as "cloud computing", Web 2.0, and Software as a Service (SaaS). The Company provides investees with both the capital and management support required to exploit opportunities for growth.

This press release includes certain "Forward-Looking Statements." All statements, other than statements of historical fact, included herein, including without limitation, statements regarding future plans and objectives of Valucap, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

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

For further information: please contact Valucap Investments Inc.: Jeffrey S. Watts, President and Chief Executive Officer, Tel: [phone], Email: [email protected]