Walton Yellowhead Development Corporation Files Final Prospectus

CALGARY, Alberta--(BUSINESS WIRE)-- Walton Yellowhead Development Corporation (the “Corporation”) is pleased to announce that it has filed a final prospectus dated October 28, 2011 with the securities regulatory authorities in all provinces and territories of Canada for its initial public offering of a maximum of 2,800,000 Units at a price of $10.00 per Unit for gross proceeds of $28,000,000. Each Unit is comprised of $7.50 principal amount of 8% unsecured, subordinated, convertible, extendable debentures (the “Debentures”) and one non-voting share of the Corporation having a price of $2.50 (the “Shares”). The closing of this offering is anticipated to be on or about November 18, 2011.

The Corporation has been established to provide investors with the opportunity to participate in the returns available from development of the approximately 131.4-acre Yellowhead property (the “Property”) located in Edmonton, Alberta. The Corporation’s investment objectives are to (i) preserve the capital investment of the purchasers in the Units; (ii) make annual cash distributions on the Units (comprised of payments of interest and/or principal on the Offering Debentures and/or dividends or other distributions on the Shares) beginning in December 2012 until the final distribution of funds from the project which is anticipated to be in December, 2014; and (iii) achieve a net internal rate of return of 13% on the $10.00 purchase price of the Units under the offering from the cash distributions referred to in (ii) above.

The Corporation will be managed by Walton Asset Management L.P. and the development of the Property will be managed by Walton Development and Management L.P., both of which are members of the Walton Group.

The syndicate of agents for this offering is co-led by CIBC and GMP Securities L.P. and includes BMO Capital Markets, Scotia Capital Inc., Raymond James Ltd., Canaccord Genuity Corp., Macquarie Private Wealth Inc., Desjardins Securities Inc., HSBC Securities (Canada) Inc., Laurentian Bank Securities Inc. and Mackie Research Capital Corporation.

About Walton: In business for more than 30 years, the Walton Group currently manages approximately CAD $2.9 billion of pre-development and development real estate assets, including more than 61,000 acres of land in Alberta, Ontario, Arizona, Texas, Georgia, Virginia and Maryland on behalf of investors around the world, including primarily North America, Europe and Asia and for the Walton Group. Headquartered in Calgary, the Walton Group has over 800 employees in Canada, the United States, Hong Kong, Singapore, Malaysia and Germany.

For more information about the Walton Yellowhead Development Corporation, please visit www.sedar.com. For more information about the Walton Group, please visit www.walton.com.

This news release, required by Canadian laws, does not constitute an offer of securities, and is not for distribution or dissemination outside Canada. This offering is only made by prospectus, only to Canadian residents, and only as permitted by law. The prospectus contains forward looking information and actual future results may differ from the Corporation’s objectives. The risks, uncertainties and other factors that could influence actual results are described in the prospectus, which contains important detailed information about the securities being offered, and which investors should read before making an investment decision. Copies of the prospectus may be obtained from any dealer as may lawfully offer these securities or by contacting your financial advisor. The prospectus is also available online at www.sedar.com.

Walton Yellowhead Development CorporationBlair Nixon, 1-403-265-4255[email protected]

Source: Walton Yellowhead Development Corporation