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Press release from Marketwire

Solium Capital Inc. Announces $20.0 Million Bought Deal Financing

Wednesday, November 06, 2013

Solium Capital Inc. Announces $20.0 Million Bought Deal Financing

07:53 EST Wednesday, November 06, 2013

CALGARY, ALBERTA--(Marketwired - Nov. 6, 2013) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Solium Capital Inc. ("Solium" or the "Company") (TSX:SUM) announced today that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. ("GMP"), Canaccord Genuity Corp. and Laurentian Bank Securities Inc. and including PI Financial Corp and M Partners Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, 3,100,800 common shares (the "Common Shares") of the Company, at a price of $6.45 per Common Share (the "Offering Price") for aggregate gross proceeds to Solium of $20,000,160 (the "Offering").

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 465,120 Common Shares at the Offering Price, exercisable in whole or in part and from time to time, on the closing date or at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional $3,000,024 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $23,000,184.

The Common Shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada (excluding Quebec) (or such provinces as GMP on behalf of the Underwriters may designate). The Company intends to use the net proceeds from the offering for general corporate purposes. The Offering is expected to close on or about November 26, 2013 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange and the applicable securities regulatory authorities.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Solium

Solium Capital Inc. (TSX:SUM) provides cloud‐enabled services for global equity‐based incentive plans administration, financial reporting and compliance. From operation centers in the United States, Canada, the United Kingdom and Australia, our innovative software‐as‐a‐service (SaaS) technology powers share plan administration and equity transactions for more than 3,000 corporate clients with employee participants in more than 150 countries. Follow us @ Solium and visit us at solium.com.

Forward Looking Statements

Certain statements included or incorporated by reference in this press release constitute forward-looking statements or forward-looking information under applicable securities legislation. Forward-looking statements or information typically contain statements with words such as "anticipate", "believe", "expect", "plan", "intend", "estimate", "propose", or similar words suggesting future outcomes or statements regarding an outlook. Specific forward-looking statements in this press release include statements with respect to the timing of the closing of the Offering, the jurisdictions in which the Common Shares will be offered and the intended use of proceeds of the Offering. Such forward-looking statements or information are based on a number of assumptions which may prove to be incorrect, including assumptions with respect to the satisfaction and timing of receipt of required regulatory approvals and other conditions to closing of the Offering. Although Solium believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements or information because Solium can give no assurance that such expectations will prove to be correct. The forward-looking statements and information are based on Solium's current expectations, estimates and projections, and are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated, including general business and economic conditions, actions of competitors and partners, the regulatory environment and product capability and acceptance. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

FOR FURTHER INFORMATION PLEASE CONTACT:

Contact Information:
Investor relations:
TMX / Equicom
Aaron Kabucis, CFA
416.815.0700 x 230
akabucis@tmxequicom.com

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