ZIDANE CAPITAL Announces Expiration of Letter of Intent and Termination of Proposed Qualifying Transaction with Millennial Technologies Limited and Resumption of Trading
May 30, 2022 – TheNewswire - Vancouver, British Columbia - Zidane Capital Corp. (NEX:ZZE.H) (“Zidane”) a capital pool company, announces that the letter of intent Zidane had entered into with Millennial Technologies Limited as announced by news release dated February 25, 2022, has expired and will not be extended by the parties.
The parties made extensive efforts to complete the proposed transaction, however market conditions are such that the proposed transaction could not be completed within a timeframe that met the parties’ expectations.
As a result, Zidane is now actively seeking a business to acquire as its qualifying transaction. Trading of Zidane’s common shares on the TSX Venture Exchange’s NEX Board (the “Exchange”) is expected to resume on Wednesday, June 1, 2022.
About Zidane
Zidane is a company existing under the laws of British Columbia, a reporting issuer in British Columbia and Alberta, and a capital pool company within the meaning of the policies of the Exchange listed on the Exchange under the Symbol ZZE.H. Zidane has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the policies of the Exchange, until the completion of its "Qualifying Transaction" (as defined therein), Zidane will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction.
As of the date hereof, Zidane has 5,225,276 common shares issued and outstanding.
For further information, please contact:
Casper Bych, Chief Executive Officer of Zidane Capital Corp.
Telephone: 604.417.6375
Email: casper@mvcap.ca
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