Royal Laser Corp.
TSX : RLC

Royal Laser Corp.

April 07, 2006 09:05 ET

Royal Laser Corp. Increases Financing Option

TORONTO, ONTARIO--(CCNMatthews - April 7, 2006) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Royal Laser Corp. ("Royal Laser") (TSX:RLC) is pleased to announce today that further to its news release dated March 29, 2006, the option to purchase additional subscription receipts granted to the underwriters in connection with Royal Laser's 'bought deal' financing has been increased from $10 million to $15 million. As a result of the increase, Royal Laser will now offer up to 44,000,000 subscription receipts at a price of $1.25 per subscription receipt for aggregate gross proceeds of up to $55 million. The offering will be partially used to finance the cash portion of the purchase price of Royal Laser's previously announced acquisition of all of the outstanding shares of Venture Steel Inc. and for general working purposes.

About Royal Laser

Royal Laser, through its wholly owned operating subsidiaries, manufactures custom metal and wood products targeted at the multi-billion dollar high-end retail in-store development industry, the OEM industrial products, automotive and construction industries, in Canada, the United States and increasingly, overseas. Royal Laser employs state-of-the-art industrial technology to fabricate custom and standardized metal and wood products, including robotic wood finishing lines, advanced laser-based computer-integrated manufacturing systems and advanced stamping presses. In addition to contract manufacturing services, Royal Laser provides value-added engineering and design services.

Forward Looking Statements

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. When used herein, words such as "intend" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions by and information available to Royal Laser. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements include risks and factors as are detailed from time to time in the Royal Laser's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. Actual results may differ materially from those currently anticipated. Royal Laser has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained herein are expressed qualified by this cautionary statement.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

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