Pender Growth Fund Announces Sale of Portfolio Company, IWG Technologies Inc.

About the Fund
The Fund is a closed-end investment fund with a goal of increasing the net asset value per share over the long-term. The Fund aims to uncover unique investment situations in small but profitable companies, often in the technology sector.  

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD LOOKING STATEMENTS

This news release includes certain "forward-looking information" under applicable Canadian securities laws relating to the anticipated completion of the IWG sale transaction. These statements reflect the Fund's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Fund management, are inherently subject to significant uncertainties and contingencies. Many factors, both known and unknown could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements or information. Such factors include, without limitation: the satisfaction or waiver of all applicable conditions to closing of the transaction including, without limitation, receipt of all necessary shareholder, court and regulatory approvals or consents and lack of material changes with respect to IWG and its business, all as more particularly set forth in the arrangement agreement.  In addition, in the event the arrangement agreement is terminated in certain circumstances, IWG may be required to pay a termination fee to the Purchaser, the result of which could have a material adverse effect on IWG's financial position and results of operations and its ability to fund growth prospects and current operations. Readers are cautioned against attributing undue certainty to forward-looking statements or information. The Fund does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements or information, other than as required by applicable law.

SOURCE Pender Growth Fund (VCC) Inc.