Park Lawn Announces Implementation of Dividend Reinvestment Plan

TORONTO, ONTARIO--(Marketwired - Oct. 13, 2015) - Park Lawn Corporation (TSX VENTURE:PLC) (the "Company" or "Park Lawn") announced today that it has implemented a dividend reinvestment plan ("DRIP"), which has received all requisite regulatory approval, including approval from the TSX Venture Exchange (the "TSXV").

The DRIP allows eligible shareholders of Park Lawn to reinvest their cash dividends into additional common shares of Park Lawn, which will be issued from treasury (or purchased on the open market) on the applicable dividend payment date. If common shares are issued from treasury, the price at which such common shares are issues will be the volume weighted trading price of the Company's common shares over the five business days immediately preceding such dividend payment date less a discount, if any, of up to 5%, at the Company's election. The Company has determined to set the initial discount for purchases under the DRIP at 3%. The Company may, subject to the terms of the DRIP, alter or eliminate any discount at any time.

The full text of the DRIP and an enrollment form are available on the Company's website at www.parklawncorp.com. Shareholders should carefully read the complete text of the DRIP before making any decisions regarding their participation in the DRIP. Beneficial shareholders who hold their shares through a nominee and who wish to participate in the DRIP should contact their nominee to enquire about enrollment. To reinvest the October 2015 dividend, Equity Transfer Services Inc. (the "Agent") must receive a signed enrollment form by no later than 3:00pm EST on October 23, 2015, or to begin participation in the DRIP with respect to any future dividends, the Agent must receive a shareholder's enrollment form no later than 3:00pm EST on the fifth day prior to the applicable dividend record date. Common Shares acquired under the DRIP will be automatically enrolled in the DRIP.

The Company may initially issue up to 120,000 common shares under the DRIP. The Company may increase the number of common shares available to be issued under the DRIP at any time in its discretion subject to (a) the approval of the Company's board of directors, (b) the approval of any stock exchange upon which the common shares trade, and (c) public disclosure of such increase.

The Company has not yet been informed of the extent to which insiders of the Company will participate in the DRIP. However, in accordance with TSXV policy, the Company will disclose insider participation in the DRIP on a monthly basis.