Red Sky Capital Management Ltd. Announces Launch of Two New Funds and Strategic Relationship with PowerOne

TORONTO, ONTARIO--(Marketwired - Nov. 3, 2016) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Red Sky Capital Management Ltd. ("Red Sky") is very pleased to announce that it is launching two new Funds scheduled to close in January 2017 - the Red Sky Unconstrained Fund LP and the Red Sky Income Fund LP. "We have been waiting patiently for signs of improving market conditions in Canada. We now take the position that the prospects for substantial returns are far better than we have ever seen in the last 10 years," said Timothy Lazaris, Founder, President and CIO of Red Sky Capital Management Ltd.

Red Sky is also announcing its strategic relationship with PowerOne Asset Management Limited ("PowerOne") and Pat DiCapo. PowerOne will invest in Red Sky (subject to securities regulatory approval) and provide support to the Red Sky team. Mr. DiCapo will also invest in both funds and provide his expertise to Red Sky as a strategic advisor. "I have known Tim for 10 years and his own capital is always aligned closely with his investors. We are looking forward to being part of Red Sky's future," said Pat DiCapo, Founder of PowerOne.

The units of the Funds (the "Units") will not be qualified for sale to the public under applicable Canadian securities laws and, accordingly, any offer and sale of the Units in Canada will be made on a basis that is exempt from the prospectus requirements of such securities laws and only through registered dealers.

This press release shall not constitute an offer to sell the Units or the solicitation of an offer to buy the Units, nor will there be any sale of the Units, in any jurisdiction where such offer, solicitation or sale is not permitted. The Units will be offered only through an offering memorandum and this press release is not intended to serve as the basis for any investment decision. The Units have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States or to, or for the benefit or account of, a U.S. person.