VANCOUVER, BC, Feb. 12,
2024 /CNW/ - ECC Ventures 5 Corp.
("ECC5" or the "Company") (TSXV: ECCF.P) announces
that the arrangement agreement dated effective May 12, 2022, as subsequently amended on
August 30, 2023, pursuant to which
the Company, through its subsidiary, 1360621
B.C. Ltd., proposed to acquire 100% of Shelfie-Tech Ltd.,
has been terminated by the parties in accordance with its terms.
The transaction was intended to constitute the Company's Qualifying
Transaction (as such term is defined by the TSX Venture Exchange
("TSXV")).
The Company has made application to the TSXV for the
reinstatement of trading of it's common shares. Additional news on
the reinstatement of trading will be disseminated once confirmed
with the TSXV.
The Company will continue to investigate and pursue other
strategic opportunities with a view to enhancing shareholder value
through the completion of a Qualified Transaction.
On Behalf of the Board of Directors of ECC
Ventures 5 Corp.
Doug McFaul
Director
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 release.
Statements included in this announcement, including
statements concerning our plans, intentions and expectations, which
are not historical in nature are intended to be, and are hereby
identified as, "forward‐looking statements". Forward‐looking
statements may be identified by words including "anticipates",
"believes", "intends", "estimates", "expects" and similar
expressions. The Company cautions readers that forward‐looking
statements, including without limitation those relating to the
Company's future operations and business prospects, are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those indicated in the forward‐looking
statements.
SOURCE ECC Ventures 5 Corp.