MFL Management Limited Announces Agreement to Purchase Additional Equity Shares of MBN Corporation

TORONTO, May 26, 2014 /CNW/ - MFL Management Limited (the "Corporation") hereby announces that it has agreed to purchase an aggregate of 115,291 equity shares ("Equity Shares") of MBN Corporation ("MBN"), at a purchase price of $5.80 per share, from four sellers (the "Transaction"). The purchase of the Equity Shares is being made pursuant to the private agreement exemption from the formal take-over bid requirements set forth in Section 100.1(1) of the Securities Act (Ontario), and is expected to be completed on or about May 27, 2014. The Corporation currently owns 652,800 Equity Shares representing approximately 14.70% of the outstanding Equity Shares of MBN (which, together with Equity Shares owned by joint actors as set out in filed early warning reports, represent approximately 19.87% of the outstanding Equity Shares). Immediately following completion of the Transaction, the Corporation will own 768,091 Equity Shares, representing approximately 17.28% of the outstanding Equity Shares of MBN (which, together with Equity Shares owned by joint actors as set out in filed early warning reports, will represent approximately 22.47% of the outstanding Equity Shares). The Corporation may from time to time purchase additional Equity Shares for investment purposes.

A copy of the early warning report regarding the impact of the Transaction on the Corporation's holdings of Equity Shares will be available at www.sedar.com or can be obtained by contacting the Corporation at the address specified below:

MFL Management Limited
Attention: Dean Orrico
First Canadian Place
58th Floor, P.O. Box 192
Toronto, Ontario
M5X 1A6
Tel: 416.847.5347

This press release may contain forward-looking information, including with respect to the completion of the Transaction and future acquisitions of Equity Shares of MBN. The forward-looking information contained in this press release constitutes current expectations, as of the date of this press release, with respect to the matters covered hereby. Investors and others should not assume that any forward-looking statement contained in this press release represents an estimate as of any date other than the date of this press release.

SOURCE: MFL Management Limited

For further information:

MFL Management Limited
Attention: Dean Orrico
First Canadian Place
58th Floor, P.O. Box 192
Toronto, Ontario
M5X 1A6
Tel: 416.847.5347

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MFL Management Limited

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