Propel Multi-Strategy Fund Postpones IPO

TORONTO, April 21 /CNW/ - Propel Capital Corporation ("Propel") announced today the delay of the Propel Multi-Strategy Fund (the "Fund").

Given recent events in the marketplace, Propel has decided to postpone the current offering. Propel intends to re-file this prospectus at a later date.

SOURCE Propel Capital Corporation

For further information: For further information: Raj Lala at Propel Capital at rlala@propelcapital.ca or at (416) 572-2364

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Propel Capital Corporation

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