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Press release from CNW Group

Legumex Walker Announces Close of $16.6 Million Bought Deal Offering

Thursday, October 25, 2012

Legumex Walker Announces Close of $16.6 Million Bought Deal Offering08:33 EDT Thursday, October 25, 2012/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/WINNIPEG, Oct. 25, 2012 /CNW/ - Legumex Walker Inc. (TSX:LWP) ("Legumex Walker") today announced it has closed its previously announced bought deal offering made through a syndicate of underwriters led by Cormark Securities Inc., and including CIBC World Markets Inc., Laurentian Bank Securities Inc., Raymond James Ltd. and HSBC Securities (Canada) Inc. (the "Underwriters"). Under the Offering, the Company issued 1,942,000 of its common shares (the "Shares") to the Underwriters at a purchase price of $7.75 per Share (the "Offering Price") for gross proceeds of $15,050,500.The Underwriters also exercised in full their over-allotment option to acquire today an additional 193,500 common shares for additional gross proceeds of $1,499,625. Including the proceeds from the exercise of the over-allotment option, the total gross proceeds of the Offering were $16,550,125.The proceeds of the Offering, net of underwriters' fee and expenses, will be used for organic growth opportunities, to provide flexibility to opportunistically pursue potential acquisitions and for general corporate purposes.This press release shall not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The common shares will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or applicable exemption from the registration requirements.About Legumex Walker Inc.Legumex Walker is a growth-oriented processor and merchandiser of pulses (lentils, peas, beans and chickpeas), other special crops and canola products. The Company is one of the largest processors of pulses and other special crops in Canada. Legumex Walker has 14 processing facilities strategically located in key growing regions in the Canadian Prairie Provinces, the American Midwest and China, a global sales, logistics, and distribution platform and access to multimodal transportation capabilities. In addition the Company has an 85 percent interest in Pacific Coast Canola, LLC, a company that is constructing a canola oilseed processing facility in Washington State.This press release contains "forward-looking information" within the meaning of Canadian securities laws. Such forward-looking information reflects the Company's view with respect to future events (including completion of the Offering and the intended use of proceeds) and is subject to risks, uncertainties and assumptions, including risks relating to growth and potential acquisition opportunities and those set out in the Annual Information Form of Legumex Walker for the year ended December 31, 2011 and in the Company's Management Discussion and Analysis for the period ended June 30, 2012, which are available on SEDAR at www.sedar.com and which should be reviewed in conjunction with the press release available at www.sedar.com. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.SOURCE: Legumex Walker Inc.For further information: INVESTOR & MEDIA RELATIONS Marin Landis Manager of Investor Relations - Legumex Walker Inc. marinl@legumexwalker.com (206) 535-2427 Lawrence Chamberlain TMX Equicom lchamberlain@equicomgroup.com (416) 815-0700 ext. 257