ECC2 Ventures 2 Corp. Announces Anticipated Changes in Accordance with New CPC Policy Which Became Effective on January 1, 2021
VANCOUVER, April 21, 2021 - ECC Ventures 2 Corp. ("ECC2" or the "Company") (TSXV:ETWO.P) announces that due to changes recently announced by the TSX Venture Exchange (the "Exchange") to its Capital Pool Company program and changes to the Exchange's Policy 2.4 - Capital Pool Companies, which became effective as at January 1, 2021 (the "New CPC Policy"), the Company intends to implement certain changes which require disinterested shareholder approval, to further align its policies with the New CPC Policy. Pursuant to the New CPC Policy, in order for the Company to align certain of its policies with the New CPC Policy the Company intends to obtain the approval of its disinterested shareholders to remove the requirement and consequences of obtaining majority Shareholder approval to list on NEX and the cancelling of certain Seed Shares held by Non-Arm's Length Parties to the Company, as a result of the Company failing to complete a Qualifying Transaction within 24 months after the date of listing of the common shares of the Company on the Exchange.
Final implementation of these changes remains subject to the approval of the Exchange.
For more information, please contact Scott Ackerman, the CEO, CFO and a director of the Company, at 778-331-8505 or email: sackerman@emprisecapital.com.
On Behalf of the Board of Directors of ECC Ventures 2 Corp.
Scott Ackerman
Director
Neither TSX Venture Exchange 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.
Forward-Looking Statements
Statements included in this announcement, including statements concerning our and Infield's plans, intentions and expectations, which are not historical in nature, are intended to be, and are hereby identified as, "forward?looking statements". Forward?looking statements may be, but are not always, identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward?looking statements, including without limitation those relating to the Company's and Infield's future operations and business prospects, are subject to certain risks and uncertainties (including risks that the Acquisition does not proceed, or proceed on the expected terms, geopolitical risk, regulatory, Covid-19 and exchange rate risk) that could cause actual results to differ materially from those indicated in the forward?looking statements. There can be no assurance that any forward-looking statement will prove to be accurate or that management's assumptions underlying such statements, including assumptions concerning the Acquisition or future developments, circumstances or results will materialize. The forward-looking statements included in this news release are made as of the date of this new release and the Company does not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities laws.
SOURCE: ECC Ventures 2 Corp.