Acquisition of shares of Wilmington Capital Management Inc., a shareholder of Parkbridge Lifestyle Communities Inc.



    CALGARY, Jan. 9 /CNW/ - Rosebridge Capital Corp. Inc. ("Rosebridge")
today announced that, pursuant to an agreement entered into between it and a
third party, Rosebridge has agreed to acquire ownership of 750,000 Class A
non-voting shares and 458,092 Class B voting shares of Wilmington Capital
Management Inc. ("Wilmington"), a corporation the shares of which are listed
on the Toronto Stock Exchange. Such shares are understood to constitute
approximately 10.8% and 45.9%, respectively, of the issued and outstanding
Class A non-voting shares and Class B voting shares of Wilmington.
    Rosebridge, its affiliate Rosecliff Properties Ltd. ("Rosecliff") and
Joseph Killi may be considered to act in concert in connection with the shares
of Wilmington. They do not own or control any other shares of Wilmington.
    The transaction is a private purchase of the shares of Wilmington by
Rosebridge at $2.90 per share. The securities of Wilmington are being acquired
for investment purposes. Ownership or control of further securities of
Wilmington may be acquired, or securities of Wilmington may be disposed of, as
circumstances warrant.
    Wilmington owns and controls 3,241,351 common shares and 171,959
non-voting shares of Parkbridge Lifestyle Communities Inc. ("Parkbridge"),
which shares are understood to constitute approximately 13.2% and 0.5%,
respectively, of the issued and outstanding common shares and non-voting
shares of Parkbridge.
    Rosebridge, Rosecliff and Joseph Killi own and control 2,154,984 common
shares, 3,332,886 non-voting shares and options to purchase 992,666 non-voting
shares of Parkbridge, which shares are understood to constitute approximately
8.8% and 9.0%, respectively, of the issued and outstanding common shares and
non-voting shares of Parkbridge. Rosebridge, Rosecliff and Joseph Killi may be
considered to act in concert in connection with the shares of Parkbridge.
Rosebridge and Rosecliff do not own or control any other shares of Parkbridge.
    To the extent that Wilmington is considered to be controlled by or acting
in concert with Rosebridge, Rosecliff or Joseph Killi in connection with the
shares of Parkbridge, after giving effect to the acquisition of the shares of
Wilimington by Rosebridge, Rosebridge, Rosecliff, Joseph Killi and Wilmington,
collectively, will own and control 5,396,335 common shares and, after giving
effect to the exercise of the options referred to above, 4,497,511 non-voting
shares of Parkbridge, which shares are understood to constitute approximately
22.0% and 11.8%, respectively, of the issued and outstanding common shares and
non-voting shares of Parkbridge. Rosebridge, Rosecliff, Joseph Killi and
Wilmington, collectively, do not own or control any other shares of
Parkbridge.
    Ownership or control of further securities of Parkbridge may be acquired,
or securities of Parkbridge may be disposed of, as circumstances warrant.
    The issuance of this press release is not an admission that an entity
named herein owns or controls any described securities or is a joint actor
with another named entity.





For further information:

For further information: Joseph Killi, Rosebridge Capital Corp. Inc.,
Suite 700, 505 - 3 Street S.W., Calgary, Alberta, T2P 3E6, (403) 215-2100

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ROSEBRIDGE CAPITAL CORP. INC.

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