COLABOR GROUP ANNOUNCED COMPREHENSIVE RECAPITALIZATION TRANSACTIONS TO STRENGTHEN ITS BALANCE SHEET AND REDUCE FUTURE INTEREST COSTS

    Boucherville, Québec, July 14, 2016 – Colabor Group Inc. (TSX: GCL) (“Colabor” or the “Corporation”) announced this
    morning proposed recapitalization transactions which will reduce Colabor’s indebtedness and significantly enhance the
    Corporation’s capital structure (the “Recapitalization Transactions”), together with various related transactions which can
    be summarized as follows:

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