GHJ Capital Inc.

December 17, 2008 12:41 ET

GHJ Capital Inc. Completes Capital Pool Company Initial Public Offering

TORONTO, ONTARIO--(Marketwire - Dec. 17, 2008) - GHJ Capital Inc. (the "Corporation"), a capital pool company, is pleased to announce that is has completed its initial public offering by issuing 1,617,000 common shares at a price of $0.25 per share, for gross proceeds to the Corporation of $404,300.

The common shares of the Corporation are expected to commence trading on the TSX Venture Exchange shortly under the trading symbol of "GHJ.P", subject to the receipt of final approval of listing from the TSX Venture Exchange.

The net proceeds of the offering will be used by the Corporation to identify and evaluate assets or businesses for acquisition with a view to completing a "Qualifying Transaction" under the capital pool company program of the TSX Venture Exchange.

Raymond James Ltd. (the "Agent") acted as agent for the offering. In connection with the offering, the Agent received an aggregate commission equal to 10% of the aggregate gross proceeds of the sale of the common shares. In addition, the Corporation granted to the Agent compensation options entitling the agent to purchase up to 161,720 common shares at a price of $0.25 per common share for a period of 24 months from the date the Corporation's shares are listed on the TSX Venture Exchange. The Agent also received a corporate finance fee of $10,000.

1,100,000 of the previously issued and outstanding shares of the Corporation were placed in escrow in accordance with the policies of the TSX Venture Exchange. The shares are held by the Corporation's directors, officers and insiders and were issued at a price of $0.15 per share for an aggregate purchase price of $165,000. Upon completion of the offering, the Corporation granted a total of 271,720 options to its officers and directors. Each of the options is exercisable at a price of $0.25 per common share until December 17, 2013.

For additional information, please see the Prospectus of the Corporation dated September 19, 2008.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.

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