Carlaw Capital Corp. Announces Proposed Private Placement

    TSX Venture Exchange Symbol: CLW.P

    TORONTO, April 25 /CNW/ - Carlaw Capital Corp. (the "Corporation"), a
capital pool company, today announced that it has entered into subscription
agreements to sell 1,940,000 common shares in the capital of the Corporation
to a number of strategic investors. The offering (the "Offering") is for gross
proceeds of $465,600 at a price of $0.24 per share. The proceeds of the
Offering will be used by the Corporation to identify and evaluate assets or
businesses for acquisition with a view to completing a "Qualifying
Transaction" under the Capital Pool Company program of the TSX Venture
Exchange. In connection with the Offering, the Corporation intends to pay a
commission in the amount of $46,560, representing 10% of the gross proceeds of
the Offering, to an arm's length party to the Corporation.
    The Offering and payment of the proposed commission are both subject to
the approval of the TSX Venture Exchange. All securities issued pursuant to
the Offering will be subject to a four-month hold period from the Offering's
closing date.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

For further information:

For further information: Mr. Amar Bhalla, President and Chief Executive
Officer, Carlaw Capital Corp., Telephone: (416) 922-9096

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