Ecc Ventures 2 Announces Termination of Agreement to Acquire Long Island Beverages
ECC VENTURES 2 CORP.
Suite 1600, 609 Granville Street
Vancouver, BC V7Y 1C3
Telephone: 1-778-331-8505
NEWS RELEASE
ECC VENTURES 2 ANNOUNCES TERMINATION OF AGREEMENT
TO ACQUIRE LONG ISLAND BEVERAGES
September 15, 2020 – Vancouver, BC, Canada. ECC Ventures 2 Corp. (“ECC2” or the “Company”)
(TSXV: ETWO.P) announces that the definitive share purchase agreement dated effective September 13,
2019, as subsequently amended on February 24, 2020, pursuant to which the Company proposed to acquire
100% of Long Island Beverages Corp. (“LIBC”) and its wholly owned subsidiary, Long Island Brand
Beverages LLC (“LIBB”) (the “Acquisition”), has been terminated by the parties in accordance with its
terms. The transaction was intended to c onstitute the Company’s Qualifying Transaction (as such term is
defined by the TSX Venture Exchange (“TSXV”)).
The Company’s common shares will remain suspended from trading in accordance with the policies of 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.
For more information please contact Scott Ackerman, Director, at 778 -331-8505 or email:
On Behalf of the Board of Directors of ECC Ventures 2 Corp.
Scott Ackerman
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, in tentions and expectations, which are not
historical in nature are intended to be, and are hereby identified as, “forward‐looking statements”. Forward‐looking statemen ts
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.