Park Lawn Corporation announced that The Fox Hat Equities Ltd. has, in concert with several joint actors, acquired 990,868 Common Shares in Park Lawn at a price of $9.07 per share. The purchase was made pursuant to a private Share Purchase Agreement between The Fox Hat as purchaser on behalf of the Investors, and Frank Mills, Patricia Mills, the Frank and Patricia Mills Settlement, Larry Boland through his corporation Micasasuerte Inc. and Tom Falus through Team Capital Corporation, as vendors. The Board of Directors of Park Lawn Corporation announced the resignation of Frank Mills as Chief Executive Officer of the Corporation and Larry Boland as Chief Financial Officer.

Both Mr. Mills and Mr. Boland will remain Directors of Park Lawn. The Board of Directors of Park Lawn Corporation announced the appointment of Andrew Clark as Chief Executive Officer of the Corporation and Joseph Leeder as Chief Financial Officer of the Corporation.