TerraVest Capital Inc. Announces Closing of its $25 Million Bought Deal Financing


VEGREVILLE, AB and TORONTO, ON, April 17, 2015 /CNW/ - TerraVest Capital Inc. (TSX:TVK) (the "Company" or "TerraVest") today announced the closing of its previously announced public offering (the "Offering") of $25,000,000 aggregate principal amount of 7.00% convertible unsecured subordinated debentures due June 30, 2020 (the "Debentures"), on a bought deal basis, at a price of $1,000 per $1,000 principal amount of Debentures. The Offering was conducted through a syndicate of underwriters consisting of National Bank Financial Inc. and CIBC World Markets Inc. acting as co-leads and joint-bookrunners, and including Raymond James Ltd., Cormark Securities Inc., TD Securities Inc., GMP Securities L.P., Canaccord Genuity Corp., Desjardins Securities Inc. and Laurentian Bank Securities Inc.

The Debentures sold pursuant to the Offering have been listed on the Toronto Stock Exchange (the "TSX") under the symbol TVK.DB.

This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the Unites States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

About TerraVest Capital Inc.
TerraVest has a mandate to look for stable (and/or growing) cash flow based businesses. The Company is focused on evaluating opportunities in the fuel containment and pressure vessel sector. The Company's shares trade on the TSX under the symbol TVK and the Company's Debentures trade on the TSX under the symbol TVK.DB. Visit www.terravestcapital.com.

SOURCE TerraVest Capital Inc.

For further information: Mitchell Gilbert, Chief Investment Officer, TerraVest Capital Inc. at 416.364.0064; or Paul Casey, Chief Financial Officer, TerraVest Capital Inc. at 780.632.2040.


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