/NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION
IN THE UNITED STATES. THIS NEWS
RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF
AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT
BEEN AND WILL NOT BE REGISTERED UNDER THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED
(THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES
LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS
UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE
STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS
AVAILABLE. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER OR SALE
OF SECURITIES IN THE UNITED
STATES./
TORONTO, Oct. 8, 2024
/CNW/ - Trillium Acquisition Corp. (TSXV: TCK.P)
("Trillium" or the "Company") announces pursuant to
the business combination agreement entered into between the Company
and Bankview 1827 Investment Corp., Capitol Hill 1426 Investment
Corp., and Sunalta 1509 Development Corp. (collectively the
"Vendors"), and affiliated entities, dated May 17, 2024 (the "Business Combination
Agreement"), the Company intends to provide Bankview 1827
Investment Corp. (the "Borrower") with a secured loan in the
amount of $225,000 (the
"Loan") for funding the operating expenses of the Borrower
in accordance with Policy 2.4 – Capital Pool Companies of
the TSX Venture Exchange (the "Exchange") and upon the
approval of the Exchange.
The Loan shall bear the prime interest rate of the Royal Bank of
Canada per annum and only matures
upon the termination of the Business Combination Agreement,
pursuant to the terms thereof, and is subject to certain events of
default, as will be stipulated in the loan documents to be entered
to between the Company and the Borrower.
All dollar figures stated in this press release are provided in
Canadian dollars unless stated otherwise.
For further information regarding the assets of the Vendors and
the transactions contemplated by the Business Combination
Agreement, see the press release of the Company dated May 21, 2024, announcing the entry of the
Business Combination Agreement.
About Trillium Acquisition
Corp.
Trillium is a capital pool company created pursuant to the
policies of the TSX Venture Exchange (the "TSXV"). It has
not commenced commercial operations and has no assets other than
cash. Except as specifically contemplated in the policies of the
TSXV, until the completion of its Qualifying Transaction (as such
term is defined in the policies of the TSXV), the Company 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.
Forward-Looking Statements
Certain information in this press release may contain
forward-looking statements. The forward-looking statements and
information in this press release include information relating to
the advancement of the Loan; the terms thereof; approval by the
Exchange and the completion of the transactions contemplated by the
Business Combination Agreement. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or other future events, to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include,
among others, the following risks:
- there is no assurance that Trillium and the Vendors will
obtain all requisite approvals for the secured loan, the approval
of the TSXV (which may be conditional upon further amendments to
the terms of the Business Combination Agreement); and
- the stock markets have experienced volatility that often has
been unrelated to the performance of companies. These fluctuations
may adversely affect the price of the Company's securities,
regardless of its operating performance.
Additional information identifying risks and uncertainties is
contained in filings by Trillium with the Canadian securities
regulators, which filings are available at
www.sedarplus.ca.
Trillium assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those reflected in the forward-looking statements
unless and until required by securities laws applicable to
Trillium.
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.
SOURCE Trillium Acquisition Corp.