All in West! Capital Corporation closes $13 million public offering and qualifying transaction



    WINNIPEG, April 2 /CNW/ - All in West! Capital Corporation (the
"Corporation") (TSXV: ALW.P) announced today that it has closed its previously
announced public offering (the "Offering") of common shares ("Shares") and 5
 Year 8.00% Series A Convertible Redeemable Debentures ("Debentures") and its
qualifying transaction (the "Qualifying Transaction") under Policy 2.4 Capital
Pool Companies of the TSX Venture Exchange (the "TSXV") involving: (a) the
purchase of the Best Western Grande Mountain Getaways & Hotel, an 81 unit
hotel located at 9901 - 100th Street in Grande Cache, Alberta (the "Target
Property"); and (b) the acquisition of the right and obligation to purchase a
64 unit hotel located at 9900 - 99th Street in Grande Cache, Alberta (the
"Phase II Property"). The particulars of the Qualifying Transaction are set
forth in the Corporation's management information circular dated February 28,
2007. The acquisition of the Phase II Property is expected to close on or
about September 1, 2007 and is expected to be financed by way of mortgage loan
financing secured against the Phase II Property and the Target Property.
    The Offering was completed on a "best efforts" basis through Bieber
Securities Inc. (the "Agent") pursuant to which the Corporation sold 7,650,000
Shares and 65,000 Debentures (each Debentures having a principal amount of
$100), for aggregate gross proceeds of $13,002,500. The net proceeds of the
Offering were used to pay the purchase price for the Target Property. The
Corporation has granted to the Agent an over-allotment option to acquire up to
an additional 1,147,500 Shares and up to an additional 9,750 Debentures
exercisable at any time within 30 days of closing of the Offering.
    The Corporation has appointed Marwest Management Canada Ltd. ("Marwest
Management") as its exclusive asset manager and property manager. Marwest
Management provides the services of the executive officers for the
Corporation, including Cornelius Martens as President and Chief Executive
Officer and James Green as Chief Financial Officer. The Corporation has also
entered into a strategic development agreement with Marwest Development
Corporation ("Marwest Development"). Each of Marwest Management, Marwest
Development and Marwest Construction Ltd. has granted a right of first refusal
to the Corporation with respect to properties (other than commercial
properties, being office, retail and industrial properties) which are
available for acquisition, or owned, by it.
    The objective of the Corporation is to acquire and/or develop and
maintain a growing portfolio of income-producing properties (other than
commercial properties, being office, retail and industrial properties). The
Corporation intends to focus on mid-market hotel/lodging properties and
retirement residences in primary and growing secondary markets in western
Canada.
    The Exchange has advised the Corporation that it has accepted the
Qualifying Transaction and that the Shares and Debentures will begin trading
on the Exchange on or about April 4, 2007. The trading symbol for the Shares
and the Debentures will be "ALW" and "ALW.DB.A", respectively.

    The TSX Venture Exchange does not take responsibility for the contents of
    this press release.

    This press release contains forward-looking statements. All statements
other than statements of historical fact contained herein are forward-looking
statements, including, without limitation, statements regarding future
financial position, business strategy, proposed acquisitions, and plans and
objectives of or involving the Corporation. Prospective investors can identify
many of these statements by looking for words such as "believe", "expects",
"will", "intends", "projects", "anticipates", "estimates", "continues" or
similar words or the negative thereof. There can be no assurance that the
plans, intentions or expectations upon which these forward-looking statements
are based will occur. Forward-looking statements are subject to risks,
uncertainties and assumptions. Although management of the Corporation believes
that the expectations represented in such forward-looking statements are
reasonable, there can be no assurance that such expectations will prove to be
correct. Some of the factors and risks which could affect future results and
could cause results to differ materially from those expressed in the
forward-looking statements contained herein include the impact of general
economic conditions, industry conditions, interest rate fluctuations,
tax-related risk factors, governmental regulation, environmental risks,
competition from other industry participants, stock market volatility, the
ability to access sufficient capital from internal and external sources and
the risk of fluctuation and variation in actual operating results, which
variation may be material. The forward-looking statements contained herein are
expressly qualified in their entirety by this cautionary statement. The
forward-looking statements included herein are made as of the date of hereof
and the Corporation does not undertakes any obligation to publicly update such
forward-looking statements to reflect new information, subsequent events or
otherwise, except as expressly required by applicable securities laws.





For further information:

For further information: Mr. Cornelius Martens, President and Chief
Executive Officer of the Corporation at (204) 947-1200

Organization Profile

ALL IN WEST! CAPITAL CORPORATION

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