Buzz Capital 2 and Heliene Inc. Terminate Qualifying Transaction
Buzz Capital 2 and Heliene Inc. Terminate Qualifying Transaction
Ottawa, Ontario--(Newsfile Corp. - November 10, 2022) - Buzz Capital 2 Inc. (TSXV: BUZH.P) (the "Company" or "Buzz2") announces that the proposed business combination between the Company and Heliene Inc. ("Heliene") will not be proceeding (see the Company's news releases dated October 1 and November 8, 2021 and April 18, 2022). This transaction, had it been completed, would have constituted the Company's qualifying transaction ("QT") under the policies of the TSX Venture Exchange ("TSXV"). Due to market conditions, Heliene has been unable to complete a concurrent financing which was integral to the QT. On November 4, 2022, Heliene advised Buzz2 that it would not be proceeding with the transaction and elected to terminate in accordance with provisions in the transaction agreement.
安大略省渥太華--（Newsfile Corp. ——2022 年 11 月 10 日）— Buzz Capital 2 Inc.（多倫多證券交易所股票代碼：BUZH.P）（”公司“或”Buzz2“) 宣佈公司與Heliene Inc.（“Heliene”）之間的擬議業務合併將不會進行（見公司2021年10月1日和11月8日以及2022年4月18日的新聞稿）。根據多倫多證券交易所風險投資交易所（“TSXV”）的政策，該交易如果完成，將構成公司的合格交易（“QT”）。由於市場狀況，Heliene無法完成對QT不可或缺的並行融資。2022年11月4日，Heliene告知Buzz2不會繼續進行交易，並選擇根據交易協議的規定終止交易。
Although the termination of the QT is disappointing to the management of Buzz2, the financial impact on the Company has been minimized. As part of an extension granted to Heliene Inc. on April 18, 2022, Heliene paid Buzz2 $50,000 to cover expenses incurred to date on the transaction.
儘管QT的終止令Buzz2的管理層感到失望，但對公司的財務影響已降至最低。作爲2022年4月18日給予Heliene Inc.的延期協議的一部分，Heliene向Buzz2支付了5萬美元，以支付迄今爲止在交易中產生的費用。
Buzz2 continues to have adequate cash resources to continue to search for prospective opportunities to complete a QT and maximize value for shareholders. Buzz2 is currently in the process of applying to TSXV for resumption of trading in its common shares and will issue a further news release when a date has been determined.
Buzz2仍然有足夠的現金資源，可以繼續尋找潛在的機會，以完成QT並最大限度地提高股東的價值。Buzz2目前正在向多倫多證券交易所申請恢復其普通股的交易，並將在確定日期後發佈另一份新聞稿。
ABOUT BUZZ CAPITAL 2 INC.
關於 BUZZ CAPITAL 2 INC.
Buzz2 is a capital pool company governed by the policies of the Exchange. The principal business of Buzz2 is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.
Buzz2是一家資本池公司，受交易所的政策管轄。Buzz2的主要業務是識別和評估資產或業務，以期完成符合條件的交易。
For further information please contact:
欲了解更多信息，請聯繫：
Buzz Capital 2 Inc.
Patrick Lalonde, President and CEO
Tel.: 613-366-4242
Buzz Capital 2 Inc
帕特里克·拉隆德，總裁兼首席執行官
電話：613-366-4242
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
多倫多證券交易所及其監管服務提供商（該術語在多倫多證券交易所的政策中定義）均不對本新聞稿的充分性或準確性承擔責任。
To view the source version of this press release, please visit
要查看本新聞稿的源版本，請訪問
譯文內容由第三人軟體翻譯。