Exchange Bulletin

Acasta Enterprises Inc. (AEF) To Trade On Toronto Stock Exchange


January 4, 2017
Issuer: Acasta Enterprises Inc. ("Acasta")
Old Security: Class A Restricted Voting Shares (the "Class A Shares")
Old Symbol(s): AEF.A
Transaction: At a meeting held on December 20, 2016, shareholders of Acasta approved the acquisitions by Acasta of (i) substantially all of the business assets of each of Apollo Health and Beauty Care Partnership and Apollo Laboratories Inc.; (ii) all of the issued and outstanding shares of JemPak Corporation; and (iii) all of the issued and outstanding equity interests of the entities comprising Stellwagen from Stellwagen Finance Company Limited (collectively, the "Qualifying Acquisition"). The Qualifying Acquisition closed on January 3, 2017.
Consideration and exchange ratio: Pursuant to the Qualifying Acquisition, each Class A Share will, unless previously redeemed, be automatically converted into one Class B Share (the "Class B Shares").
Resulting Issuer: Acasta Enterprises Inc. (no change to the name)
New Security: Class B Shares
New Symbol(s): AEF
Number of securities issued and outstanding: 92,677,799
Number of securities reserved for issuance: None
Listing category: Industrial, Exempt Issuer
CUSIP: 00434X 30 1
Trading currency: CDN$
Effective date for trading purposes: January 6, 2017 (at the opening). Class B Shares will be listed in substitution for the presently listed Class A Shares, which will be delisted at that time.
Other market(s): None
Market maker: W.D. Latimer Co. Ltd.
Security ownership registration: Non-certificated inventory system of CDS
Investor relations: Richard Smith
(416) 531-9497
Email: richard.smith@acastaenterprises.com

Alexander Singh
(416) 531-9497
Email : alexander.singh@acastaenterprises.com
Incorporation: Business Corporations Act (Ontario)
Fiscal year end: December 31
Nature of business: Acasta has initially acquired three businesses, establishing two investment platforms: private label consumer staples and commercial aviation finance and asset management. Acasta will continue to pursue additional investment opportunities in its pipeline directly or through a series of multi-billion dollar long-term private equity funds, the first of which management plans to launch in 2017. Additionally, Acasta will raise a series of funds for its commercial aviation finance and asset management business.
Transfer agent and registrar: TSX Trust Company at its principal offices in Toronto.
Dividends: Acasta has not declared or paid any dividends since incorporation. Following closing of the Qualifying Acquisition, the Board plans to adopt a dividend policy with the intent to pay a quarterly dividend of $0.01 per Class B Share commencing in the first quarter of 2017. There can be no guarantee that Acasta will implement a dividend policy and that, if implemented, such dividend policy will be maintained.
Sponsorship: Not applicable
Additional Information As a result of the completion of the Qualifying Acquisition, each listed share purchase warrant (collectively, the "Warrants") will be exercisable for one Class B Share commencing 30 days following closing of the Qualifying Acquisition. The Warrants will expire at 5:00 p.m. on January 3, 2022 (the day that is five years following closing of the Qualifying Acquisition) or may expire earlier upon Acasta Winding-Up or if the expiry date is accelerated. There will be no change to the stock symbol (AEF.WT) or CUSIP number (00434X 11 1) for the Warrants. All other terms of the Warrants remain unchanged. Refer to TSX Bulletins 2015-0784 dated July 28, 2015 and 2015-0916 dated September 3, 2015 for a summary of the terms of the Warrants.
Disclosure document: Prospectus dated December 2, 2016, Notice of Special Meeting of Shareholders and Management Information Circular dated November 11, 2016 (the "Circular"), as amended by the Addendum to the Circular dated December 2, 2016, which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the disclosure documents.
Exchange procedure As the Class A Shares trade in the non-certificated inventory system of CDS and no individual certificates are issued, holders of Class A Shares need not take any action in order to receive the Class B Shares.
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange.

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