Caldwell Partners Raises $3.4 Million in Private Placement

December 23, 2013 – Executive search firm The Caldwell Partners International Inc. has entered into subscription agreements with senior search professionals, officers and directors of the company for the purchase of common shares on a private placement basis. Under the terms of the transaction, Caldwell is to issue in aggregate approximately four million shares of its common stock at a price of $0.85 per share for gross proceeds of approximately $3.4 million. The purchase price was determined on the basis of the 10 trading day weighted average trading price of the common shares on the TSX for the 10 trading days ended December 2, 2013 following release of the company's year-end results. Closing is subject to TSX approval of the listing of such new common shares, and is anticipated to occur on or about January 15, 2014. The private placement common shares are subject to a hold period expiring on or about January 15, 2015. “The capital raised serves two purposes. First, it will allow us to continue to make important investments in growing our business, with potential uses including new locations, additions to the partner ranks, and flexibility for strategic opportunities as they arise," said John N. Wallace, CEO. “Most importantly, these private placements will permit the acquisition of common shares of the Corporation by our partners at a fixed and equal price and is intended to better align the interests of this important group of stakeholders of the Corporation with the interests of all shareholders.” Caldwell Partners, founded in 1970, provides human capital services to its clients through offices and partners in Vancouver, San Francisco, Los Angeles, Dallas, Calgary, Chicago, Atlanta, Toronto, Stamford, New York City, and a strategic presence in London.

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