Cantrell Capital Corp. - News release



    TSXV: CLJ.H

    VANCOUVER, March 20 /CNW/ - Cantrell Capital Corp. (the "Company") has
been advised by The Radcliffe Foundation ("Radcliffe") that Radcliffe
acquired, by way of a private agreement, ownership and control over 6,000,000
common shares of the Company and common share purchase warrants of the Company
entitling the holder to acquire 3,950,000 additional common shares of the
Company. Prior to the transaction, Radcliffe had deemed ownership and control
over incentive stock options of the Company (the "Options") to purchase
2,000,000 common shares of the Company. As such, Radcliffe has 6,000,000
common shares, representing 12.81% of the issued and outstanding shares of the
Company, the Options to purchase 2,000,000 common shares of the Company and
the warrants entitling it to acquire a further 3,950,000 common shares of the
Company. Assuming the deemed exercise of the Options and the warrants, this
represents approximately 22.64% of the partially diluted issued and
outstanding shares of the Company. Radcliffe has its business office located
at Suite 3123, 595 Burrard Street, Vancouver, British Columbia, V7X 1J1.
    The Company has also been advised that Evanachan Limited ("Evanachan")
acquired, by way of private agreement, ownership and control over 14,000,000
common shares of the Company and common share purchase warrants of the Company
entitling the holder to acquire 14,000,000 additional common shares of the
Company. As such, Evanachan has ownership and control over 14,000,000 common
shares, representing 29.89% of the issued and outstanding shares of the
Company, and warrants entitling it to acquire a further 14,000,000 common
shares of the Company. Assuming exercise of the warrants, this represents
approximately 46.02% of the partially diluted issued and outstanding shares of
the Company. Evanachan has its business office located at 99 George St., 3rd
Floor, Toronto, Ontario, M5A 2N4.
    The Company understands that Radcliffe and Evanachan (collectively, the
"Offerors") do not act jointly or in concert and that Evanachan acquired the
securities for investment purposes and Radcliffe acquired the securities for
the purpose of supporting various charitable organizations. The Company
understands that the Offerors have no present intention to acquire further
securities of the Company, although they may in the future acquire or dispose
of securities of the Company through the market, privately or otherwise, as
circumstances or market conditions warrant.
    A copy of the Early Warning Reports filed with the applicable securities
regulators regarding the transaction is available on SEDAR (www.sedar.com). A
copy of the Early Warning Reports and further information may also be obtained
by contacting Zeny Manalo, a director of the Company, at (604) 689-9661.
    The issuance of this news release is not an admission that an entity
named in this report owns or controls any described securities or is a joint
actor with another named entity.

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




For further information:

For further information: Zeny Manalo, Director, Tel: (604) 689-9661

Organization Profile

CANTRELL CAPITAL CORP.

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