Di Capo Acquires Securities of Delavaco Residential Properties Corp.

TORONTO, ONTARIO--(Marketwired - Jan. 6, 2014) - Pasquale Di Capo, 130 King Street West, Suite 2210, Toronto, Ontario M5X 1E4, announces that on December 30, 2013 he acquired control, directly and indirectly, of 7,013,449 common shares of Delavaco Residential Properties Corp. ("Delavaco"). The common shares were issued in connection with the business combination of Delavaco Properties Inc. and Sereno Capital Corp., which closed on December 30, 2013. Sereno Capital Corp. was renamed Delavaco Residential Properties Corp. following the closing of the business combination transaction.

As a result of the business combination, Mr. Di Capo collectively owns or controls, directly and indirectly, an aggregate of 7,013,449 common shares, and controls rights to acquire an additional 1,317,391 common shares upon (i) the exercise of 1,217,391 convertible securities and (ii) the exercise of 100,000 common share purchase warrants. Such securities represent approximately 13.38% of Delavaco's issued and outstanding common shares (or approximately 15.50% on a partially diluted basis, assuming conversion of the convertible securities and exercise of the warrants only).

These securities are held for investment purposes, and will be reviewed on a continuing basis and may be increased or decreased in the future.

To obtain a copy of the report filed pursuant to applicable securities regulations in connection with the foregoing, please contact: