Aston Hill Asset Management Inc. Announces Proposed Change of Manager of Lawrence Enterprise Fund Inc.

TORONTO, Nov. 5, 2012 /CNW/ - Aston Hill Asset Management Inc. (the "Manager") is pleased to announce that it has today entered into a purchase agreement (the "Agreement") with Cambridge Asset Management Inc. ("Cambridge") under which Cambridge will become the manager of, and assume the management agreement governing, Lawrence Enterprise Fund Inc. (the "Fund").  The Manager, directly or through its predecessors, has been managing the Fund since its inception in October 2001.

Completion of the sale, which is expected to occur on or about December 14, 2012, is subject to certain closing conditions including approval of the Fund's shareholders, regulatory approval, and other customary closing conditions. If the conditions to closing have not been fulfilled by December 31, 2012, either the Manager or Cambridge may terminate the Agreement.

About Aston Hill Asset Management Inc.

The Manager is a wholly-owned subsidiary of Aston Hill Financial Inc. (TSX: AHF).  Aston Hill Financial Inc. is a diversified asset management company with a suite of retail mutual funds, closed-end funds, private equity funds, hedge funds and segregated institutional funds.  The Company is also engaged in oil and gas property management.  Aston Hill Financial Inc. has offices in Calgary and Toronto.

About Cambridge Asset Management Inc.

Cambridge Asset Management is a Canadian-based private investment management firm with offices in Toronto and is led by Larry Guy, Chief Executive Officer.  The company is registered as an Investment Fund Manager and Portfolio Manager in Ontario.

SOURCE: Aston Hill Asset Management Inc.

For further information:

Michael J. Killeen
Aston Hill Asset Management Inc.
(416) 583-2300

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