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ZIDANE CAPITAL Announces Expiration of Letter of Intent and Termination of Proposed Qualifying Transaction with Millennial Technologies Limited and Resumption of Trading
(TheNewswire) May 30, 2022 – TheNewswire - Vancouver, British Columbia - Z...
About this update from Zidane Capital Corp.
[{"type":"text","content":"ZIDANE CAPITAL Announces Expiration of Letter of Intent and Termination of Proposed Qualifying Transaction with Millennial Technologies Limited and Resumption of Trading\n \n \n (TheNewswire)\n \n \n \n May 30, 2022 – TheNewswire -\n \n Vancouver,\nBritish Columbia -\n \n Zidane Capital\nCorp.\n \n \n (NEX:ZZE.H)\n \n (“Zidane”) a\ncapital pool company, announces that the letter of intent Zidane had\nentered into with Millennial Technologies Limited as announced by news\nrelease dated February 25, 2022, has expired and will not be extended\nby the parties.\n \n \n The parties made extensive efforts to complete the proposed\ntransaction, however market conditions are such that the proposed\ntransaction could not be completed within a timeframe that met the\nparties’ expectations.\n \n \n As a result, Zidane is now actively seeking a business to acquire as\nits qualifying transaction. Trading of Zidane’s common shares on the\nTSX Venture Exchange’s NEX Board (the “Exchange”) is expected to\nresume on Wednesday, June 1, 2022.\n \n \n \n About Zidane\n \n \n \n Zidane is a company existing under the laws of British Columbia, a\nreporting issuer in British Columbia and Alberta, and a capital pool\ncompany\n \n within the meaning of the policies of the\nExchange\n \n listed on the Exchange under the Symbol ZZE.H.\n \n Zidane has not commenced commercial operations and has no\nassets other than cash. Except as specifically contemplated in the\npolicies of the Exchange, until the completion of its \"Qualifying\nTransaction\" (as defined therein), Zidane will not carry on\nbusiness, other than the identification and evaluation of companies,\nbusiness or assets with a view to completing a proposed Qualifying\nTransaction.\n \n \n \n As of the date hereof, Zidane has 5,225,276 common shares issued and\noutstanding.\n \n \n For further information, please contact:\n \n \n Casper Bych, Chief Executive Officer of Zidane Capital Corp.\n \n \n Telephone: 604.417.6375\n \n \n Email: [email protected]\n \n \n NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER\n(AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)\nACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.\n \n \n \n Not for distribution to United\nStates newswire services or for rel...