Mr. William Tharp reports

GRENVILLE COMPLETES INVESTMENT IN BG FURNITURE LTD.

Grenville Strategic Royalty Corp. has contracted for a gross sales royalty from BG Furniture Ltd. in exchange for an advance of $750,000, with an option, if agreed upon by both companies, to advance an additional $500,000. In exchange for this advance, Grenville will receive a royalty based on BG Furniture's gross revenue within Grenville's average royalty rate of between 1 per cent and 4 per cent.

BG Furniture, formerly Bogden and Gross, is an 87-year-old furniture design and manufacturing business located in Walkerton, Ont. BG Furniture makes a large variety of home and office furniture products combining best-in-class style and quality and a high degree of customization for the consumer enabled by innovative parametric manufacturing processes.

"Grenville has allowed us to accelerate our growth strategy and advance the company's services for our expanding customer base, as well as continue to innovate and bring new Canadian made, solid wood furniture to market," stated Adam Hofmann, president, BG Furniture. "Over the next five years, we plan to invest over $5-million in new product development, technological advancement in manufacturing, new products, creating good paying jobs in the process," said Dirk Nielsen, vice-president, manufacturing, BG Furniture.

"BG Furniture is a great example of the reinvention of Canadian manufacturing -- an 87-year-old company making a high-quality product using advanced manufacturing strategies and impeccable design. We are delighted to invest in the community of Walkerton, Ont., with this expert management team and skilled work force," noted William Tharp, president and chief executive officer of Grenville.

BG Furniture represents Grenville's 20th investment since its inception in July, 2013. To date, Grenville has completed approximately $20.86-million in royalty financings across Canada and the United States.

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