JRTL Capital Corp.
TSX VENTURE : JRT.P

March 28, 2007 09:00 ET

JRTL Capital Commences Trading on the TSX Venture Exchange

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 28, 2007) - JRTL Capital Corp. (TSX VENTURE:JRT.P) is pleased to announce that its IPO has been fully subscribed and that the offering has now closed. JRTL Capital began trading on TSX-V at the opening March 27th.

JRTL Capital sold 2,000,000 common shares for gross proceeds of $200,000. Canaccord Capital Corporation acted as the agent for this offering, and it received cash commissions totaling $20,000 as well as 200,000 non-transferable agent's options. Each agent's option is exercisable into an additional common share at a price $0.10 per common share and expires 24 months from the date the Company's common shares were listed and posted for trading on the TSX Venture Exchange. Not more than 50% of the common shares received on the exercise of the Agent's Options may be sold prior to the completion of the Qualifying Transaction (as that term is defined in the Exchange's CPC Policy) by the Company. The remaining 50% may be sold after completion of a Qualifying Transaction by the Company. The Agents will also be paid an administrative fee of $10,000. Further details of this offering and the use of proceeds can be found by viewing JRTL Capital Corp. prospectus on SEDAR at www.sedar.com.

ON BEHALF OF THE BOARD OF DIRECTORS

DONALD G. MYERS, President

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

Contact Information

  • JRTL Capital Corp.
    Don Myers
    Corporate Communications
    (604) 687-3376 or Toll Free: 1-800-567-8181
    (604) 687-3119 (FAX)
    Email: dmyers@ninetyeight.com
    or
    JRTL Capital Corp.
    Suite 1490 - 885 West Georgia Street
    Vancouver, BC, V6C 3E8, Canada
    Email: stocks@nineyteight.com