Richmond Road Capital Corp. Announces Transfer to NEX and Cancellation of Certain Seed Shares

CALGARY, ALBERTA--(Marketwired - Feb. 13, 2015) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.

Richmond Road Capital Corp. (the "Corporation") (TSX VENTURE:RRD.P), a capital pool company ("CPC") pursuant to TSX Venture Exchange (the "Exchange") Policy 2.4 - Capital Pool Companies (the "CPC Policy"), wishes to announce the deadline for the Corporation to complete its Qualifying Transaction (as defined in the CPC Policy) is February 16, 2015. Prior to this date, the Corporation must either complete a Qualifying Transaction or receive the approval of its shareholders for the transfer of its listing to the NEX board of the Exchange ("NEX"). As the Corporation has not completed a Qualifying Transaction to date, the Corporation held its annual and special meeting of shareholders on February 5, 2015 at which time, pursuant to the CPC Policy, it received shareholder approval to transfer its listing to the NEX and to cancel an aggregate of 1,000,000 Seed Shares (as defined by the Exchange) held by Non Arm's Length Parties of the CPC (including the officers, directors, insiders and control persons of the Corporation).

The Corporation applied for a reinstatement to trading on NEX where its symbol would be changed from RRD.P to RRD.H and the Exchange has accepted the application. The Exchange has stated that soon after the dissemination of this news release that the Exchange will issue an Exchange bulletin reinstating the Corporation on NEX.

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