Jo-Jo Capital Canada Ltd. Announces Termination of Proposed Qualifying Transaction

TORONTO, Oct. 11, 2024 (GLOBE NEWSWIRE) — Jo-Jo Capital Canada Ltd. (the “Company“) (TSXV: JOJO.P) a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the “TSX-V”), announces its letter of intent for a proposed transaction with 9302204 Canada Inc. (o/a Cheelcare), as announced on January 24, 2024, has been terminated.

The Company will continue to seek a qualifying transaction in accordance with the policies of the TSX-V and will provide further updates in due course. Trading in the common shares of the Company was halted as of January 24, 2024, in connection with the execution of a letter of intent with Cheelcare. The Company will seek to resume trading as soon as possible.

ABOUT THE COMPANY

The Corporation is a capital pool company (a “CPC“) that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the TSXV’s CPC policy, until the completion of its qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of businesses or assets with a view to completing a proposed qualifying transaction.

For further information, please contact:

Peter Schloo
Chief Executive Officer

JO-JO CAPITAL CANADA LTD.

Telephone: 905 505 0918
Email: peter@greatwhitecapital.ca

Forward-Looking Information Cautionary Statement

Certain statements contained in this press release constitute forward-looking information, including, but not limited to, the resumption of trading of the common shares. These statements relate to future events or the Corporation’s future performance. The use of any of the words “could”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Corporation’s current belief or assumptions as to the outcome and timing of such future events. Actual results and developments may differ materially from those contemplated by forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information. The statement made in this press release are made as of the date hereof. The Corporation disclaims any intention or obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as may be expressly required by applicable securities laws.

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 news release.