McGregor Capital Corp.

September 26, 2011 13:42 ET

McGregor Capital Corp. / Canadian Platinum Corp. Corporate Update

CALGARY, ALBERTA--(Marketwire - Sept. 26, 2011) -


McGregor Capital Corp. ("McGregor") (TSX VENTURE:MCP.P) and Canadian Platinum Corp. ("Canadian Platinum") are pleased to announce that their respective shareholders' meetings were held on September 13, 2011. All resolutions placed before the shareholders were unanimously approved, including with respect to the amalgamation of McGregor and Canadian Platinum which will constitute the "Qualifying Transaction" (the "QT") of McGregor.

McGregor and Canadian Platinum continue to work towards the completion of the QT and related financing as previously announced – see McGregor press release of February 22, 2011. It is currently anticipated that the QT will be completed by mid-October. Subsequent to the completion of the QT, the amalgamated corporation will be focused on continuing to evaluate Canadian Platinum's Swan Lake PGE exploration project in north east Saskatchewan.

Canadian Platinum Corp. is a Calgary, Alberta based corporation engaged in exploration for precious and other metals. McGregor Capital Corp. is a capital pool corporation with its common shares listed on the TSX Venture Exchange under the trading symbol "MCP.P".


Certain statements contained herein constitute forward-looking statements, including statements concerning the anticipated closing date of the QT and previously announced financing. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Corporation to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Closing could be delayed if the Corporation cannot obtain all of the necessary regulatory approvals within anticipated timelines and will not be completed unless certain conditions customary for transactions of this kind are satisfied. The forward-looking statements included in this press release are made as of the date of this release and except as required by law, the Corporation does not undertake any obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise..

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein 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 registration requirements. This press release may contain statements within the meaning of safe harbour provisions as defined under United States Securities Laws and Regulations. The above statements are based on the current expectations and beliefs of the management of the Corporation and Canadian Platinum and are subject to a number of risks and uncertainties that may cause the actual results to differ materially from those described above.

Neither the TSX Venture Exchange nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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