Ecc Ventures 2 Corp. Completes Initial Public Offering
ECC VENTURES 2 CORP.
Suite 1600, 609 Granville Street
Vancouver, BC V7Y 1C3
Telephone: 1-778-331-8505
NEWS RELEASE
ECC VENTURES 2 CORP. COMPLETES INITIAL PUBLIC OFFERING
April 18, 2018 – Vancouver, BC, Canada. ECC Ventures 2 Corp. (the “Company”) (TSXV:
ETWO.P) is pleased to announce that, on April 18, 2018, it completed an initial public offering (the
“Offering”) in British Columbia and Alberta of 2,000,000 common shares (“Common Shares”) in the
capital of the Company at a price of $0.10 per Common Share for gross proceeds of $200,000 pursuant to
a final prospectus dated March 27, 2018 (the “Prospectus”). Following closing of the Offering, a total of
5,650,000 Common Shares are issued and outstanding, of which 2,000,000 are currently held in escrow
pursuant to the policies of the TSX Venture Exchange (the “TSX-V”), as disclosed in the Prospectus.
The net proceeds of the Offering, together with the proceeds from prior sales of Common Shares will be
used by the Company to identify and evaluate assets or businesses for acquisition with a view to
completing a Qualifying Transaction under the TSX-V’s capital pool company program.
Pursuant to the agency agreement dated February 22, 2018, Mackie Research Capital Corporation (the
“Agent”) acted as agent for the Offering. In connection with the Offering, the Company granted to the
Agent, options to acquire up to an aggregate of 200,000 Common Shares at a price of $0.10 per Common
Share for a period of 24 months from the date the Common Shares are listed on the TSX-V. Furthermore,
the Agent also received a cash commission of $20,000, representing 10% of the aggregate gross proceeds
of the Offering, and a corporate finance fee of $10,000 plus applicable taxes.
At the closing of the Offering, the Company also granted stock options (the “Options”) to directors of the
Company to acquire up to an aggregate of 565,000 Common Shares. Each Option is exercisable to
acquire one Common Share at a price of $0.10 any time prior to April 18, 2023.
The TSX-V has accepted the Company’s listing application and the Common Shares are anticipated to
resume trading on the TSX-V at the opening of business on Monday, April 23, 2018, under the trading
symbol ETWO.P.
For further information please see the Prospectus, available under the Company’s profile on SEDAR at
www.sedar.com.
About the Company
The Company is a capital pool company (“CPC”) within the meaning of the policies of the TSX-V that
has not commenced commercial operations and has no assets other than cash. The current directors and
officers of the Company are: Scott Ackerman (CEO, CFO, Corporate Secretary and Director), Doug
McFaul (Director) and Brent Ackerman (Director). Except as specifically contemplated in the CPC
policies of the TSX-V, until the completion of its “Qualifying Transaction” (as defined therein), 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”.
For more information please contact the Company at 778-331-8505 or
email: [email protected]
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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.
This news release includes forward-looking statements that are subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to be considered forward looking. Although
the Company believes the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance and actual results or
developments may differ materially from those in forward-looking statements. Factors that could cause
actual results to differ materially from those in forward-looking statements include market prices,
continued availability of capital and financing, and general economic, market or business conditions.
There can be no assurances that such statements will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any
forward-looking statements.