McGregor Capital Corp. Announces Closing of IPO, Listing on TSX Venture Exchange

CALGARY, ALBERTA--(Marketwire - Jan. 18, 2011) -

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

McGregor Capital Corp. (TSX VENTURE:MCP.P) ("McGregor" or the "Corporation") is pleased to announce that it has completed the initial public offering ("IPO") of its common shares ("Common Shares") to the public. The IPO was fully subscribed, resulting in the sale of 1,500,000 shares to the public at $0.20 per share for gross proceeds to the Corporation of $300,000. Macquarie Private Wealth Inc. (the "Agent") acted as agent in connection with the IPO.

The Agent was paid a cash commission of 10% of the gross proceeds raised under the IPO, a corporate finance fee of $12,500 and were reimbursed for their expenses. The Agents were also granted 150,000 non-transferrable options (the "Agent's Options") to purchase up to 150,000 Common Shares in the capital of the Corporation at an exercise price of $0.20 per Common Share. The Agent's Options are exercisable for a period of 24 months from the date of listing of the Common Shares on the TSX Venture Exchange ("Exchange"). Concurrent with the closing, the Corporation also granted stock options to directors and officers entitling such persons to acquire up to 275,000 Common Shares for up to ten years from date of grant at an exercise price of $0.20 per Common Share.

McGregor is listed as a "Capital Pool Company" on the Exchange, and its common shares will remain halted from trading pending satisfaction of the conditions of the Exchange.

The Company is a capital pool company within the meaning of the policies of the TSX Venture Exchange. The Company has not commenced operations and has no assets other than cash.

The Common Shares offered have not been and will not be registered under the United States Securities Act of 1933, as amended and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.