Capitalight Announces Sale of Debenture Investment Portfolio

Capitalight Announces Sale of Debenture Investment Portfolio

NEWS RELEASE – TORONTO, July 19, 2022

IC Capitalight Corp. (CSE: IC) (“Capitalight” or “the Company”), is pleased to announce the sale of its

debenture investment portfolio to Starlight Investment Capital LP (“Starlight”). The portfolio consisted of 3,032

debentures issued by Stone Investment Group Limited (“Stone”) and was sold at a price of $1,100 per

debenture for gross proceeds of $3,335,200. Starlight acquired the debentures as part of its previously

announced acquisition of Stone.

Capitalight will use a portion of the proceeds to improve its working capital position and is evaluating internal

and external investment opportunities to redeploy the remainder of the capital.

ABOUT IC CAPITALIGHT CORP.

The Company operates as a merchant bank that pursues value-based investment opportunities in accordance

with its internal investment policies. The Company currently holds an investment portfolio consisting of cash

and the Blue Lake mineral exploration property in Quebec. The Company also owns Capitalight Research

Inc., which operates a subscription research business focused on providing gold, silver, copper and nickel,

lithium, and rare earth price forecasts as well as Canadian preferred share and economic research.

To learn more about the Company please call us at 1.866.653.9223, or via email at [email protected] or

visit our websites at www.capitalight.co or www.capitalightresearch.com

Forward-Looking Information

This news release includes certain "forward-looking statements" under applicable Canadian securities

legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other

factors that could cause actual results, performance, prospects, and opportunities to differ materially from

those expressed or implied by such forward-looking statements.

SOURCE: IC Capitalight Corp.