Tri Capital Opportunities Corp. Provides Update ON Proposed NAME Change and Qualifying Transaction
Tri Capital Opportunities Corp.
Suite 1610 –777Dunsmuir Street, Vancouver, BC, Canada, V7Y1K4
TSX-V Trading Symbol: TCAP.p
Email: [email protected]
Telephone: (604) 687-3376
Facsimile: (604) 687-3119
July 26th, 2021
News Release
TRI CAPITAL OPPORTUNITIES CORP. PROVIDES UPDATE ON PROPOSED NAME
CHANGE AND QUALIFYING TRANSACTION
July 26th, 2021, VANCOUVER, British Columbia – Tri Capital Opportunities Corp. (“TCAP” or the
“Company”) (TSXV: TCAP.P), a capital pool company, announces that, further to its acquisition
of the option (the " Option") from Eagle Plains Resources Ltd. (" Optionor") to acquire an
undivided 80% interest in and to certain mineral claims in northern Saskatchewan collectively
known as the Pine Channel Gold Property (the “Property”), it will no longer be seeking to change
its name to “Alpha Minerals Ltd.” and will change its name to “Apogee Minerals Ltd.” (the “Name
Change”). The Company’s trading symbol will continue to change from “TCAP.P” to “APMI” in
connection with the Qualifying Transaction (as defined below). Completion of the Name Change
remains subject to the approval of the TSXV.
The acquisition of the Option (the “ Transaction”), as previously announced in the Company's
news release dated May 12, 2021, will constitute TCAP’s Qualifying Transaction (the “Qualifying
Transaction”), as defined under TSXV Policy 2.4 - Capital Pool Companies . Assuming all
conditions for closing are satisfied, the Company and Optionor expect to close the Transaction
on or about July 29, 2021 (the " Anticipated Closing Date"). Additional information concerning
the Transaction and the Property is provided in the Company’s news releases dated May 12,
2021 and July 20, 2021, the filing statement concerning the Transaction dated July 20, 2021 and
the technical report prepared for the Property titled “Technical Report for the Pine Channel
Property” dated effective June 17, 2021, prepared in accordance with National Instrument 43-101
- Standards of Disclosure for Mineral Projects , all available under TCAP’s SEDAR profile at
www.sedar.com..
In due course, the Company will issue a further comprehensive news release announcing, among
other things, the closing of the Transaction and the date on which the common shares of TCAP
(the “TCAP Shares”) will resume trading.
Trading Halt
The TCAP Shares are currently halted from trading, and the trading of the TCAP Shares is
expected to remain halted pending completion of the Transaction.
Cautionary Note
Neither the 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.
For further information, please contact:
Tri Capital Opportunities Corp.
“Jim Pettit”
James Pettit
President and CEO
For further information, please contact:
Tri Capital Opportunities Corp.
Kelly Pladson, Corporate Secretary
Email: [email protected]
Tel: (604) 639-3857
Forward Looking Information
Investors are cautioned that, except as disclosed in the Filing Statement, any information released
or received with respect to the Transaction may not be accurate or complete and should not be
relied upon. Trading in the securities of a capital pool company should be considered highly
speculative.
The information in t his press release includes certain information and statements about
management's view of future events, expectations, plans and prospects that constitute forward
looking statements, including statements with respect to the completion of the Transaction and
the Qualifying Transaction , resumption of trading in the TCAP Shares, the Anticipated Closing
Date and the anticipated Name Change.
Such statements and information reflect the current view of the Company. Risks and uncertainties
exist that may cause actu al results to differ materially from those indicated or implied in the
forward-looking statements and information. Such factors include, among others: the risk that
required approvals and the satisfaction of material conditions are not obtained in connection with
the Transaction and the Name Change; the risk that the Transaction is not approved or completed
by the Anticipated Closing Date or on the terms set out in the definitive agreement; reliance on
key management; disruptions or changes in the credit or security markets; risks associated with
the COVID-19 pandemic; unanticipated costs and expenses; and general market and industry
conditions.
The forward-looking statements, while considered reasonable by the Company, are inherently
based upon assumptions that are subject to significant risks and uncertainties, including, but not
limited to, assumptions that all conditions to the closing of the Transaction and to the completion
of the Name Change will be satisfied, the Transaction will be completed by the Anticipated Closing
Date and on the terms set forth in the definitive agreement and the Company will be able to carry
out its business plan as contemplated. Although TCAP and the Optionor believe that the
expectations reflected in forward-looking statements are reasonable, they can give no assurances
that the expectations of any forward-looking statements will prove to be correct.
The forward-looking information contained in this press release represents the expectations of
the Company as of the date of this press release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward looking information and should not
rely upon this information as of any other date. While the Company may elect to, it does not
undertake to update this information at any particular time except as required in accordance with
applicable laws.
This press release is not an offer of the securities for sale in the United States. The securities
have not been registered under the U.S. Se curities Act of 1933, as amended, and may not be
offered or sold in the United States absent registration or an exemption from registration. This
press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.