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WLD.P

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Share Name Share Symbol Market Type
TSXV:WLD.P TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Wildlaw Capital CPC 2 Inc. and AcuityAds Inc. Announce Closing of Overallotment Option

16/05/2014 5:37pm

Marketwired Canada


Wildlaw Capital CPC 2 Inc. ("Wildlaw CPC 2") (TSX VENTURE:WLD.P), a capital pool
company, and AcuityAds Inc. ("Acuity"), a provider of proprietary targeted
digital advertising, are pleased to announce the full exercise of the
overallotment option in connection with Acuity's previously announced private
placement (the "Offering"). Acuity previously issued 3,318,778 subscription
receipts (the "Subscription Receipts") on April 24, 2014, at $1.59 per
Subscription Receipt, for aggregate gross proceeds of approximately $5.3
million. Acuity today issued an additional 297,574 Subscription Receipts for
aggregate gross proceeds of approximately $450,000 (the "Second Closing"). The
completion of the Second Closing brings the aggregate gross proceeds of the
Offering to $5.75 million. The Offering was made pursuant to an agency agreement
dated April 24, 2014 with a syndicate led by Paradigm Capital Inc., and
including Clarus Securities Inc. and Euro Pacific Canada.


The Offering was completed in connection with the proposed business combination
of Wildlaw CPC 2 and Acuity (the "Transaction"). If completed, the Transaction
will constitute Wildlaw CPC 2's qualifying transaction pursuant to the policies
of the TSX Venture Exchange (the "TSXV"). In connection with the Transaction,
the common shares of Acuity will be converted into common shares of Wildlaw CPC
2 following the Transaction (the "Resulting Issuer"). Assuming the escrow
release conditions for the Subscription Receipts are satisfied, each
Subscription Receipt will ultimately entitle the holder thereof to one common
share of the Resulting Issuer. 


The Transaction remains subject to a number of terms and conditions set forth in
the definitive agreement between Wildlaw CPC 2 and Acuity relating thereto,
including the approval of the TSXV. For a detailed description of the
Transaction, please refer to the press release of Wildlaw CPC 2 dated April 24,
2014. 


About Wildlaw CPC 2

Wildlaw CPC 2 is a capital pool company (CPC) formed under the TSXV CPC program.

About Acuity

Acuity is a technology company that has developed a proprietary Programmatic
Marketing Platform to intelligently connect digital advertisers to consumers
across online display, mobile, social and video advertising channels, and solve
the key challenges that digital advertisers face. The Programmatic Marketing
Platform is powered by Acuity's proprietary machine learning technology that
uses Big Data to intelligently target and connect digital advertisers with
consumers. Acuity has offices in Canada and the United States, and its customers
include both large Fortune 500 enterprises and small to mid-sized businesses.


Completion of the Transaction is subject to a number of conditions, including
but not limited to, TSXV acceptance. There can be no assurance that the
transaction will be completed as proposed or at all.


All information in this press release concerning Acuity has been provided for
inclusion herein by Acuity. Although Wildlaw CPC 2 has no knowledge that would
indicate that any information contained herein concerning Acuity is untrue or
incomplete, Wildlaw CPC 2 assumes no responsibility for the accuracy or
completeness of any such information.


Investors are cautioned that, except as disclosed in the filing statement to be
prepared in connection with the Transaction, any information released or
received with respect to the Transaction may not be accurate or complete and
should not be relied upon. Trading in the securities of a CPC should be
considered highly speculative.


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


Certain information in this press release may constitute forward-looking
information, including without limitation the completion of the Transaction, as
well receipt of all necessary approvals in connection therewith. This
information is based on current expectations that are subject to significant
risks and uncertainties that are difficult to predict. Actual results might
differ materially from results suggested in any forward-looking statements.
Wildlaw CPC 2 assumes no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those reflected in
the forward looking-statements unless and until required by securities laws
applicable to Wildlaw CPC 2. Additional information identifying risks and
uncertainties is contained in the Wildlaw CPC 2's filings with the Canadian
securities regulators, which filings are available at www.sedar.com.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Wildlaw Capital CPC 2 Inc.
Peter Schriber
Chief Executive Officer
(604) 341-3371

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