Zidane Announces Filing Extension of Annual Disclosure Documents Due to Covid-19 and Private Placement

About this update from Zidane Capital Corp.

[{"type":"text","content":"Zidane Announces Filing Extension of Annual Disclosure Documents Due to Covid-19 and Private Placement(via TheNewswire)\n \n \nVancouver, British Columbia - TheNewswire - May 29, 2020 - Zidane Capital Corp. (NEX:ZZE.H) (\"Zidane\"), a capital pool company pursuant to TSX Venture Exchange Policy 2.4 - Capital Pool Companies (the \"CPC Policy\"), announces that due to circumstances created by the COVID - 19 pandemic it will not be filing its audited financial statements and related management discussion and analysis for the fiscal year ended January 31, 2020 by the scheduled due date of June 1, 2020, as required under section 4.2(b) and section 5.1(1) of National Instrument 51-102 - Continuous Disclosure Obligations (\"NI 51-102\").\n\n\n \nAs required by BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements (\"BC Instrument 51-515), the Company discloses the following:\n\n\n \n- the Company's management and other insiders will be subject to a trading black-out that reflects the principles in Section 9 of National Policy 11-207 - Failure-to-File Cease Trade Orders until its audited financial statements and related management discussion and analysis for the fiscal year ended January 31, 2020 are filed on SEDAR;\n\n\n \n- the Company expects to file its audited financial statements and related management discussion and analysis for the fiscal year ended January 31, 2020 on or about June 26, 2020; and\n\n\n \n- the Company confirms that there have been no material business developments since December 30, 2019.\n\n\n \nThe Company is also pleased to announce that it intends to complete a non-brokered private placement (the \"Private Placement\") for total gross proceeds of up to $200,000. The Private Placement will consist of up to 4,000,000 common shares at a price of $0.05 per share. Proceeds of the Private Placement will be used to pay outstanding debt and for general working capital.\n\n\n \nFurther Information\n\n\n \nFor further information, please contact:\n\n\n \nCasper Bych, Chief Executive Officer, Zidane Capital Corp.\n\n\n \nTelephone: 604.417.6375\n\n\n \nEmail: [email protected]\n\n \n \nNEITHER THE 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....

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