Whiteknight Acquisitions III Inc. Announces Update to Proposed Qualifying Transaction With Delivra Inc. and Terms of Non-Brokered Financing - Seite 2

All Delivra common shares (including common shares issuable on exercise of the Additional Share Rights) and Broker Warrants issued pursuant to the Offering shall be exchanged for common shares and equivalent broker warrants of Whiteknight on closing of the Qualifying Transaction.

Sponsorship

The Company and Delivra have entered into an engagement letter with Paradigm Capital Inc. ("Paradigm") dated October 14, 2015, pursuant to which Paradigm has agreed to be the Company's Sponsor (as such term is defined in Exchange Policy 2.2 - Sponsorship and Sponsorship Requirements).

Insiders

In addition to those individuals named as proposed directors and officers of the Resulting Issuer in the Company's Press Release on September 1, 2015, Angelo Frisina of Stoney Creek, Ontario will also be an Insider of the Resulting Issuer. Mr. Frisina will hold 12.57% of the Resulting Issuer common shares assuming completion of the minimum Offering.

All information contained in this news release with respect to WKA and Delivra was supplied by the parties, respectively, for inclusion herein, and WKA and its directors and officers have relied on Delivra for any information concerning such party.

Completion of the Qualifying Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the Qualifying Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Qualifying Transaction will be completed as proposed or at all.

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

The 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.

Paradigm, subject to completion of satisfactory due diligence, has agreed to act as sponsor in connection with the transaction. An agreement to sponsor should not be construed as any assurance with respect to the merits of the transaction or the likelihood of completion.