MCM Capital One Inc.
TSX VENTURE : ZGN.P

June 23, 2014 11:30 ET

MCM Capital One Inc. Completes Private Placement

TORONTO, ONTARIO--(Marketwired - June 23, 2014) -

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MCM Capital One Inc. (TSX VENTURE:ZGN.P) has completed a brokered private placement of 465,000 common shares at a price of $0.20 each (the "Offering") to raise gross proceeds of $93,000. This is the second and final closing of the private placement announced on April 21, 2014. A total of $200,000 has been raised through the issuance of 1,000,000 common shares.

Kingsdale Capital Markets Inc. acted as agent (the "Agent") for the private placement. MCM has paid the Agent a cash fee of $3,975, and issued the Agent 26,500 warrants, in connection with the second closing. Each warrant is exercisable for one common share at a price of $0.20 on or before April 30, 2014.

The securities issued included 200,000 common shares issued to insiders of MCM. Pursuant to Multilateral Instrument 61-101 ("MI 61-101"), the participation of these insiders constitutes the private placement a "related party transaction". MCM is exempt from the formal valuation requirement and shareholder approval requirement of MI 61-101, as described in more detail in the material change report filed in connection with this private placement. The filing of a material change report less than 21 days before the closing date of the private placement was necessary in order to complete the private placement in a timely manner.

The securities issued in the closing are subject to a four month hold period which expires on September 24, 2014. Following completion of this closing, there are 3,300,000 issued and outstanding common shares of MCM.

ABOUT MCM CAPITAL ONE INC.

MCM CAPITAL ONE INC. is a capital pool company ("CPC") formed under the TSX Venture Exchange CPC program.

Completion of the proposed Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the proposed Transaction, any information released or received with respect to the proposed Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a CPC should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (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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