Mr. Guy Le Page reports
BUZZ CAPITAL INC. ANNOUNCES APPOINTMENT OF NEW DIRECTORS AND OFFICERS, COMPLETION OF ESCROW TRANSFER AND PROVIDES EARLY WARNING DISCLOSURE
Further to Buzz Capital Inc.'s news release of March 18, 2026, the TSX Venture Exchange has issued its final acceptance to certain changes in management and escrow share transfers as follows.
Change of management and appointment of new directors
The following persons are new directors and officers of the company:
- Guy T. Le Page, director, chief executive officer and chief financial officer;
- Emma Kinder Priestley, director;
- John Campbell Smyth, director.
Gregory Prekupec remains as a director and has also been appointed secretary. Profiles of the new directors and officers are contained in the company's news release of March 18, 2026.
Escrow share transfers
In conjunction with the change of management, an aggregate of 3.2 million escrowed common shares at a price of 7.5 cents per share have been transferred from previous management to the new directors and officers of the company, and will remain in escrow in accordance with the requirements of the exchange.
Outlook
The company intends to focus its search for a qualifying transaction in the mining field.
"We are confident that we will be able to identify and acquire a project of merit," said Mr. Le Page. "The experience and depth of our new board members provides us with access to a number of opportunities. We look forward to being able to bring value to the shareholders of the company."
As at the date hereof, the company continues to have adequate cash resources (approximately $140,000) to continue to search for prospective opportunities to complete its qualifying transaction.
Early warning disclosure pursuant to National Instrument 62-103
The following portion of this news release is issued pursuant to National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, of the Canadian Securities Administrators, which also requires an early warning report to be filed with the applicable securities regulators containing additional information with respect to the foregoing matters. A copy of the early warning report will be filed in accordance with applicable securities laws and will be available on the company's issuer profile on SEDAR+.
Prior to the completion of the escrow transfers noted above, each of Mr. Le Page, Ms. Priestley and Mr. Smyth had no ownership of, or exercised control or direction over, any voting or equity securities of the company.
After completion of the escrow transfers:
- Mr. Le Page owns indirectly, or exercises control or direction over, 1,533,332 Buzz common shares, representing approximately 18.23 per cent of the issued and outstanding Buzz common shares on both a non-diluted and fully diluted basis.
- Ms. Priestley owns directly 133,334 Buzz common shares, representing approximately 1.59 per cent of the issued and outstanding Buzz common shares on both a non-diluted and fully diluted basis.
- Mr. Smyth owns indirectly, or exercises control or direction over, 1,533,334 Buzz common shares, representing approximately 18.23 per cent of the issued and outstanding Buzz common shares on both a non-diluted and fully diluted basis.
Each of Mr. Le Page, Ms. Priestley and Mr. Smyth: (i) acquired the Buzz common shares in connection with the escrow transfer; (ii) hold the Buzz common shares for investment purposes; (iii) do not have any current intention to increase or decrease their beneficial ownership or control or direction over any additional securities of the company; and (iv) are relying on the private agreement exemption under Section 4.2(1) of NI 62-104 to exempt their purchases from the formal takeover bid requirements of NI 62-104.
About Buzz Capital Inc.
Buzz, a capital pool company within the meaning of the policies of the exchange, was incorporated Feb. 15, 2017, and was listed on the exchange on Aug. 21, 2017. Buzz does not have any operations and has no assets other than cash. Buzz's business is to identify and evaluate businesses and assets with a view to completing a qualifying transaction under the policies of the exchange.
We seek Safe Harbor.
© 2026 Canjex Publishing Ltd. All rights reserved.