Prospect Park Capital to Complete CSE Listing and Voluntary TSXV De-Listing

VANCOUVER, British Columbia, July 13, 2021 (GLOBE NEWSWIRE) — Prospect Park Capital Corp. (the “Company”) ‎‎(TSXV:PPK), a public investment issuer, is pleased to announce that it has received approval to list its common shares (the “Common Shares”) on the Canadian Securities Exchange (the “CSE“), and will be voluntarily delisting its Common Shares from the TSX Venture Exchange (the “TSXV“). To ensure continued trading of the Common Shares, the Company anticipates that the Common Shares will commence trading on the CSE at the open of markets on July 15, 2021 and intends to arrange for the delisting of the Common Shares from the TSXV at the close of markets on or about July 15, 2021. The Company’s trading symbol “PPK” will remain the same.

Management is of the view that listing the common shares on the CSE will provide the Company continued liquidity for its shareholders and increase its exposure to new investors. In addition, the Company anticipates a more seamless process to complete acquisitions and reduced operating expenses as a result of a CSE listing.

For more information please contact:

James Greig
Chief Executive Officer
Prospect Park Capital Corp.
Tel: (778) 788-2745

Certain statements contained in this press release constitute “forward-looking information” as such term is ‎‎‎‎defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, ‎‎‎‎‎”will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate ‎‎‎‎to the Company are intended to identify ‎forward-looking ‎information. All statements other than ‎statements of ‎historical fact may be forward-looking ‎information. Such ‎statements reflect the Company’s current ‎views and ‎intentions with respect to future events, and ‎current ‎information available to the Company, and are ‎subject to ‎certain risks, uncertainties and assumptions, including timing and the occurrence of the delisting of the Common Shares from the TSXV and the expected listing of the Common Shares on the CSE and the anticipated benefits of having the Common Shares listed on the CSE. Many factors ‎could ‎cause the actual results, performance or achievements that may be expressed or ‎‎implied by such forward-‎looking ‎information to vary from those described herein should one or more of these risks ‎‎or uncertainties ‎materialize. ‎Examples of such risk factors include, without limitation: credit; market (including ‎‎equity, commodity, ‎foreign ‎exchange and interest rate); liquidity; operational (including technology and ‎‎infrastructure); ‎reputational; ‎insurance; strategic; regulatory; legal; environmental; capital adequacy; the ‎‎general business and ‎economic ‎conditions in the regions in which the Company’s investee’s operate; the ability of the ‎‎Company to execute on key ‎priorities, ‎including the successful completion of investments and ‎‎strategic plans and to ‎attract, develop ‎and retain key executives; difficulty integrating newly acquired businesses; ‎‎the ability to ‎implement business ‎strategies and pursue business opportunities; ‎‎disruptions in or ‎attacks (including ‎cyber-attacks) on the Company’s information technology, internet, network ‎‎access or other ‎voice or data ‎communications systems or services; the evolution of various types of fraud or other ‎‎criminal ‎behavior to which ‎the Company is exposed; the failure of third parties to comply with their obligations to ‎‎the ‎Company or its ‎affiliates; the impact of new and changes to, or application of, current laws and regulations; granting of permits and licenses in a highly regulated businesses of investee’s; the overall difficult ‎‎‎‎litigation environment, including in the U.S.; increased competition; changes in foreign currency rates; increased ‎‎‎‎funding costs and market volatility due to market illiquidity and competition for funding; critical accounting estimates and changes to accounting standards, policies, ‎‎‎‎and methods used by the Company; the occurrence of natural and unnatural catastrophic events ‎and claims ‎‎‎‎resulting from such events; and risks related to COVID-19 including various recommendations, orders ‎and ‎‎‎measures of governmental ‎authorities ‎to try to limit the pandemic, including travel restrictions, border closures, ‎‎‎‎non-essential business ‎closures, ‎quarantines, self-isolations, shelters-in-place and social distancing, disruptions ‎‎‎to ‎markets, economic ‎activity, ‎financing, supply chains and sales channels, and a deterioration of general ‎‎‎economic ‎conditions ‎including a ‎possible national or global recession‎; as well as those risk factors discussed or ‎‎‎referred to in ‎the Company’s disclosure ‎documents filed with the securities regulatory authorities in certain ‎‎‎provinces of Canada ‎and available at ‎www.sedar.com. Should any factor affect the Company in an unexpected ‎‎‎manner, or should ‎assumptions ‎underlying the forward-looking information prove incorrect, the actual results or ‎‎‎events may differ ‎materially ‎from the results or events predicted. Any such forward-looking information is ‎‎‎expressly qualified in its ‎entirety by ‎this cautionary statement. Moreover, the Company does not assume ‎‎‎responsibility for the accuracy or ‎‎completeness of such forward-looking information. The forward-looking ‎‎‎information included in this press release ‎is ‎made as of the date of this press release and the Company undertakes ‎‎‎no obligation to publicly update or revise ‎any ‎forward-looking information, other than as required by applicable ‎‎‎law.‎ ‎

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.