Vancouver, 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”).

As required by BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements (“BC Instrument 51-515), the Company discloses the following:

-         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;

-         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

-         the Company confirms that there have been no material business developments since December 30, 2019.

The 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.

Further Information

For further information, please contact:

Casper Bych, Chief Executive Officer, Zidane Capital Corp.

Telephone:         604.417.6375

Email:          casper@mvcap.ca

 

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distribution or dissemination directly, or indirectly, in whole or in part, in or into the United States.

Forward Looking Information Cautionary Statement and Forward-Looking Information: This news release may contain forward-looking statements including, but not limited to, the anticipated dates on which the Company expects to file its audited financial statements and related management discussion and analysis for the fiscal year ended January 31, 2020. Forward looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statement. Accordingly, readers should not undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.