Lateral Capital Corp. Files Amended and Restated Preliminary Prospectus and Announces Concurrent Private Placement and Debt F...

NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS
RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW.


Lateral Capital Corp. ("Lateral" or the "Company") (TSX VENTURE:LCP) announces
that it has filed an amended and restated preliminary prospectus (the "Amended
and Restated Prospectus"), which amends and restates the Company's previously
announced preliminary prospectus filed on February 13, 2013 in connection with a
fully marketed public offering of subscription receipts on a commercially
reasonable efforts basis in each of the provinces of Canada (except Quebec) (the
"Public Offering"). The Amended and Restated Prospectus contemplates a new
minimum offering of $50 million and a maximum offering of $115 million. Stonecap
Securities Inc. and Wolverton Securities Ltd. are acting as co-lead agents in
connection with the Public Offering and the Company has engaged a financial
advisor for investment banking services to offer the subscription receipts in
the United States on a private placement basis. A copy of the Company's news
release dated February 13, 2013 with respect to the Public Offering and the
preliminary prospectus are available on SEDAR at www.sedar.com. 


Concurrently with the Public Offering, Lateral is proposing to complete a
private placement of preferred shares for aggregate proceeds of up to $30
million (the "Preferred Share Private Placement"). In addition, the Corporation
is seeking commitments for debt facilities in an aggregate principal amount of
up to $80 million (the "Debt Facilities"). If the Company completes the Public
Offering and the Preferred Share Private Placement and establishes the Debt
Facilities, Lateral expects to have access to approximately $160 million of
available funding.


The completion of the Public Offering and Preferred Share Private Placement and
the establishment of the Debt Facilities are subject to the approval of the TSX
Venture Exchange. 


Cautionary and Forward-Looking Statements

This news release is not an offer of the securities for sale in the United
States. The securities described in this news release 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 registration.
This news 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 described in this
news release in any state in which such offer, solicitation or sale would be
unlawful.


This news release contains forward-looking statements and forward-looking
information within the meaning of applicable securities laws including
forward-looking statements relating to the potential proceeds of the Public
Offering or any combination of one or more private placements of preferred
shares or debt instruments, or debt (including the Debt Facilities). These
statements relate to future events or future performance. All statements other
than statements of historical fact may be forward-looking statements or
information. Forward-looking statements and information are often, but not
always, identified by the use of words such as "appear", "seek", "anticipate",
"plan", "continue", "estimate", "approximate", "expect", "may", "will",
"project", "predict", "potential", "targeting", "intend", "could", "might",
"should", believe", "would" and similar expressions. 


With respect to forward-looking statements and forward-looking information
contained in this news release, assumptions have been made regarding, among
other things, the Company's ability to obtain required financing on acceptable
terms and in timely manner. Although the Company believes the assumptions
reflected in the forward-looking statements are reasonable, undue reliance
should not be placed on forward looking statements because Lateral can give no
assurance that such expectations will prove to be correct. 


Forward looking statements are based on current expectations, estimates and
projections that involve a number of risks and uncertainties including risks
relating to the Company's ability to raise sufficient financing and other risks
described in the Company's amended and restated preliminary prospectus. The
Company's actual results, performance or achievement could differ materially
from those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur, or if any of them do so,
what benefits the Company will derive therefrom.


The forward-looking statements included in this news release are expressly
qualified by this cautionary statement and are made as of the date hereof and no
undertaking is given to update publicly or revise any forward-looking statements
or information, whether as a result of new information, future events or
otherwise, unless so required by applicable securities laws or the TSX Venture
Exchange. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lateral Capital Corp.
Corbin Blume
President & CEO
[phone]
[phone] (FAX)


Lateral Capital Corp.
730, 1015 - 4th Street SW
Calgary, Alberta T2P 2V7