The Fund will make further announcements as material events surrounding the Portfolio Development unfold. There can be no assurance that the Portfolio Development will result in enhanced liquidity or will ultimately result in positive outcomes for the Fund. There can also be no assurance that the Fund will resume weekly Venture Series share sales or redemptions. These outcomes are subject to risks and uncertainties. See "Forward Looking Statements" below.
About GrowthWorks(i) (www.growthworks.ca): GrowthWorks managed funds provide investment capital for Canadian companies and tax-advantaged investment opportunities for Canadian investors through the Working Opportunity Fund (EVCC) Ltd., GrowthWorks Atlantic Venture Fund Ltd., GrowthWorks Commercialization Fund Ltd. and GrowthWorks Canadian Fund Ltd. GrowthWorks identifies, analyzes and structures investments in companies with high growth potential. Particular emphasis is placed on IT, Life Sciences and Cleantech sectors. Building on more than 19 years of investment expertise, GrowthWorks is a leader in Canadian venture capital management. GrowthWorks is a registered trademark of GrowthWorks Capital Ltd.
Forward Looking Statements: This press release contains forward looking statements about future possible transactions in the Fund's portfolio, the possible resumption of the Venture Series share redemptions and sales and the impact of the Portfolio Development on Fund's net asset value and cash position. These statements are based on beliefs and assumptions of management of the Fund at the time the statements are made, including beliefs and assumptions about the portfolio company affected by the Portfolio Development, future market conditions and future levels of divestment activity and Venture Series redemption requests. These beliefs and assumptions are subject to known and unknown risks and uncertainties, including risks and uncertainties associated with volatility of market conditions and, in turn, the climate for divestment activity, outcomes of negotiations surrounding the sale of portfolio companies, other factors affecting the performance of portfolio companies, valuations of portfolio companies, financing needs of portfolio companies and the availability of capital to satisfy such financing needs and other risks and uncertainties disclosed in the Fund's most recently filed prospectus and other regulatory filings posted on SEDAR at www.sedar.com. These risks and uncertainties may cause actual results, events or developments to be materially different from those expressed or implied by such forward-looking statements. Unless required by law, neither the Fund nor its manager assumes any obligation to update any forward-looking statements or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results or other factors.
(i) GrowthWorks refers to GrowthWorks Ltd. and: GrowthWorks Capital Ltd., manager of the Working Opportunity Fund (EVCC) Ltd.; GrowthWorks WV Management Ltd., manager of GrowthWorks Canadian Fund Ltd. and GrowthWorks Commercialization Fund Ltd.; and GrowthWorks Atlantic Ltd., manager of GrowthWorks Atlantic Venture Fund Ltd.
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund purchases. Please read the Fund's prospectus before investing. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. Dividends on Commercialization Series shares are not guaranteed.
GrowthWorks Capital Ltd.
President & CEO
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