Park Lawn Corporation Announces Increase of Previously Announced Bought Deal Offering of Common Shares to $6.5 Million

TORONTO, ONTARIO--(Marketwired - July 31, 2014) -

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Park Lawn Corporation ("Park Lawn" or the "Company") (TSX VENTURE:PLC) is pleased to announce that in connection with its previously announced short-from prospectus offering (the "Offering"), it has entered into an amendment agreement with Mackie Research Capital Corporation and GMP Securities L.P. (the "Underwriters"), to upsize the Offering from $5,006,500 to $6,507,500. The Underwriters have now agreed to purchase, on a bought-deal basis, 685,000 common shares (the "Common Shares") of the Company at a price of $9.50 per Common Share, for gross proceeds to the Company of $6,507,500.

The Underwriters shall also have the option, exercisable at any time up to 30 days following Closing, in whole or in part, to purchase from the Company up to an additional 15% of the Common Shares sold pursuant to the Offering, to cover over-allotments and for market stabilization purposes.

The Common Shares will be offered by way of a short-form prospectus to be filed in such provinces of Canada as the Underwriters shall designate, pursuant to National Instrument 44-101 - Short Form Prospectus Distributions and may be offered in the United States on a private placement basis pursuant to an appropriate exemption from the registration requirements of the United States Securities Act of 1933, as amended.

The net proceeds from the Offering are expected to be used to fund the completion of the mausoleum addition at the Westminster Cemetery, Mausoleum & Cremation Centre, for future acquisitions, and for general business purposes.

The Offering is expected to close on or about August 21, 2014 and is subject to the Company receiving all necessary regulatory approvals.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Park Lawn

Park Lawn Corporation provides goods and services associated with the disposition and memorialization of human remains. Products and services are sold to people on a pre-planned basis (pre-need) or at the time of a death (at-need). The Company owns and operates six cemeteries in the Greater Toronto Area and operates the crematorium at the Brampton Crematorium and Visitation Centre. The Company also owns 50% of Amety Ltd, which operates Tubman/Cadieux Funeral Homes in Ottawa and Western Quebec. The Harmonia business of the Company currently operates in Quebec City, Saint-Apollinaire, Gatineau and St. Georges under license. Park Lawn's common shares are listed on the TSX Venture Exchange under the symbol "PLC". The Company is the only Canadian publicly listed cemetery, funeral and cremation business. Park Lawn makes monthly dividend payments to its shareholders. The monthly dividend has been paid each month since January, 2011 and is currently $0.038 per share ($0.46 per share on an annual basis).

Cautionary Statement Regarding Forward-Looking Information

This news release contains forward looking information. Such forward-looking information is often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could", or "might" occur or to be achieved and any other similar expressions. In particular, this news release contains forward-looking statements in respect of the use of the net proceeds from the Offering and the completion and timing of the Offering. These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect management's current judgment regarding the direction of the Company's business. Management believes that these assumptions are reasonable. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contained in the forward-looking information. Some of these risks, uncertainties and other factors are described under the heading "Risks Factors" in the Company's annual information form available on www.sedar.com. Forward-looking information is based on estimates and opinions of management at the date the statements are made. Except as required by law, the Company does not undertake any obligation to update forward-looking information even if circumstances or management's estimates or opinions should change. Readers should not place undue reliance on forward-looking information.

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.