TORONTO, ONTARIO--(Marketwired - April 17, 2015) - Whiteknight Acquisitions III Inc. ("Whiteknight") (TSX VENTURE:WKA.P), a Capital Pool Company, announces that it has terminated its previously announced letter of intent entered into on February 10, 2015 by and among Whiteknight, Pronghorn Transportation Group Inc., 1930510 Ontario Inc. and Canamex-Cabra Transportation Services Inc. with respect to a proposed business combination. The transaction was previously announced on February 17, 2015, and was intended to constitute the Qualifying Transaction of Whiteknight.

Whiteknight will continue to aggressively identify and evaluate opportunities for the purpose of completing its Qualifying Transaction. Trading of Whiteknight's common shares on the TSX Venture Exchange is expected to resume shortly.

Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange Inc. 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.

Contact Information:

Whiteknight Acquisitions III Inc.
David Mitchell
Chief Executive Officer
(416) 574-4818