Rodeo Capital III Corp. Announces Results of Annual and Special Meeting of Shareholders

CALGARY, ALBERTA--(Marketwired - Dec. 12, 2014) -

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Rodeo Capital III Corp. ("Rodeo" or the "Corporation") (TSX VENTURE:ROP.P), a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the "TSX-V"), is pleased to announce that on December 12, 2014, its shareholders (the "Rodeo Shareholders") approved each of the resolutions placed before them at an annual and special meeting of shareholders (the "Meeting"). In particular, the Rodeo Shareholders approved: (i) the election of directors, (ii) the appointment of Rodeo's auditors, (iii) Rodeo's 10% rolling stock option plan, (iv) the continuance of Rodeo into another jurisdiction, (v) the consolidation of Rodeo's Common shares, and (v) a name change.

At the Meeting, Rodeo Shareholders re-elected Michael Thomson, Michelle Scarborough and Keith Inman as directors of the Corporation and also elected William DeJong as a new director. Mr. DeJong is the Corporation's Corporate Secretary and will continue in that role in addition to being a director of Rodeo. Each of the directors will hold office until the close of Rodeo's next annual meeting of the Rodeo Shareholders or unless he or she resigns or otherwise vacates office before that time.

Rodeo is also pleased to announce that on December 8, 2014, it entered into an agency agreement (the "Agency Agreement") with Solegear Bioplastics Inc. ("Solegear") and Euro Pacific Canada Inc. in connection with a brokered private placement financing to be completed by Solegear as part of the Corporation's Qualifying Transaction (as defined in TSX-V Policy 2.4) previously announced on October 23, 2014, November 24, 2014 and December 5, 2014. Investors are encouraged to review the Agency Agreement on Rodeo's SEDAR profile at www.sedar.com.

The Corporation also announces that on December 3, 2014 it entered into an amending agreement with Solegear (the "Amending Agreement") which corrected an inconsistency contained in the arrangement agreement dated November 24, 2014 between the parties. Investors are encouraged to review the Amending Agreement on Rodeo's SEDAR profile at www.sedar.com.

Rodeo and Solegear have received conditional acceptance for the Qualifying Transaction and the Financing from the TSX-V. Rodeo and Solegear will be issuing a subsequent news release announcing the closing date of the Qualifying Transaction and the Financing. The parties have agreed that the Qualifying Transaction must close on or before January 30, 2015.