HPM.V · 2019-04-10 12:00:00

Pinehurst Capital II Inc. Completes Initial Public Offering; Common Share Will Commence Trading

Financings

Toronto, Ont ario--(Newsfile Corp. – April 10 , 2019) – Pinehurst Capital II Inc. (TSXV: PINH.P) (the

"Corporation") is pleased to announce that it has successfully completed its initial public offering of

3,000,000 common shares (the "Common Shares") at $0.10 per share for gross proceeds of $300,000 (the

"Offering"). As a result of this issuance, the Corporation has 5,000,000 Common Shares issued and

outstanding of which 2,000,000 Common Shares are subject to escrow restrictions as disclosed in the

Corporation's final prospectus dated February 7, 2019, a copy of which may be obtained at

www.sedar.com. M Partners Inc. (the " Agent") acted as agent for the O ffering. In connection with the

Offering, the Agent received a cash commission of $30,000, a corporate finance fee of $20,000 and

300,000 compensation warrants (the " Agent's Warrants"). The Agent's Warrants will expire 24 months

from the date the Corporation's Common Shares are listed on the TSX Venture Exchange (the "Exchange").

The Corporation is a capital pool company pursuant to Policy 2.4 of the Exchange (the " CPC Policy").

Except as specifically contemplated in the CPC Policy, until the completion of its "Qualifying Transaction"

(as defined in the CPC Policy), the Corporation 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.

The Corporation has also granted stock options to acquire an aggregate of 500,000 Common Shares at an

exercise price of $0.10 per share to the directors and officers of the Corporation, which will expire 10

years from the date of grant.

The Corporation's Common Shares will commence trading on the Exchange under the symbol " PINH.P"

within two days of the TSX Venture Exchange issuing an Exchange Bulletin evidencing its final acceptance

of the documents.

Investors are cautioned that trading in the securities of a capi tal pool company is considered highly

speculative.

For further information, please contact:

David Rosenkrantz, Director, President, CEO and CFO at (416)-865-0123 x1.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is def ined in policies of

the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.