Alpha Peak Announces Powerful Date of Delisting from TSX Venture Exchange and Final results of Annual Typical and Particular Assembly NEX Exchange:AAP-H.V

VANCOUVER, British Columbia, April 16, 2021 (Globe NEWSWIRE) — Alpha Peak Leisure Inc. (“Alpha Peak” or the “Business”) (NEX: AAP.H) announces that at the Company’s once-a-year standard and special assembly held on April 15, 2021, shareholders voted in favour of all resolutions set to shareholders in the Company’s management info round, which include switching the Company’s title to “Alpha Peak Capital Inc.” or these other name as the directors could decide (the “Name Transform”), a 10:1 share consolidation (the “Consolidation”) and the voluntarily delisting of Alpha Peak’s popular shares (the “Delisting”) from the NEX board of the TSX Venture Exchange (the “TSXV”).

The Delisting from the TSXV will arise at the close of investing on April 19, 2021 and the Firm expects that the Title Adjust and Consolidation will come to be powerful on or about Might 3, 2021. Even though Alpha Peak’s prevalent shares will not trade on a inventory exchange for a interval of time, Alpha Peak will continue to make constant disclosure, will file its quarterly and once-a-year money statements and MD&A on SEDAR, and will continue on to operate inside the framework of Canadian securities guidelines.

Even more to the Company’s announcement on December 31, 2020, Alpha Peak’s board is continuing to actively assessment feasible merger or acquisition targets for a probable reverse takeover transaction of the Enterprise (“RTO”). No such focus on has yet been determined. Assuming a feasible concentrate on is discovered and affordable terms with these target are attained for the RTO, including the phrases of any interim and concurrent financings, as applicable, it is Alpha Peak’s intention that its shares be relisted on a Canadian inventory trade on completion of the RTO.

There can be no assurance that Alpha Peak will be capable to obtain a suited RTO concentrate on, arrive at realistic conditions for the RTO that are acceptable to the Organization and the target or to supply any necessary financing. There are substantial threats to trying this tactic, including but not constrained to the fees and uncertainties of identifying a suitable focus on and negotiating acceptable conditions for an RTO, of sourcing any required funding, of carrying out an helpful because of diligence evaluate of the focus on, of negotiating and employing the RTO and of gratifying any closing conditions, regulatory or securities exchange demands to total the RTO, as very well as the Company’s exposure for the duration of this system to foreign trade risk and other threats which cannot be meaningfully determined at this time. Buyers are cautioned that other than as disclosed in any management data round or submitting statement geared up in relationship with an RTO, any data launched or received in regard of any prospective RTO might not be correct or finish and must not be relied upon. Buying and selling in the Company’s securities in anticipation of a doable RTO must be thought of really speculative.

For extra information, please contact:

Zachary Goldenberg, CEO
Cellular phone No.: 647-987-5083
Email: [email protected]

Neither the TSXV nor its Regulation Services Provider (as that time period is described in the insurance policies of the TSXV) accepts responsibility for the adequacy or accuracy of this push release.

This push release contains ahead-looking statements and forward-wanting information (collectively, “ahead seeking statements”) within the this means of applicable Canadian and United States securities legislation. All statements, other than statements of historical simple fact, provided herein are forward-looking statements. Forward-looking statements are generally identified by phrases such as: consider, anticipate, foresee, intend, estimate, postulate, will, continuing, assuming and similar expressions or are those which, by their character, refer to future occasions. Although the Organization believes that such statements are sensible, there can be no assurance that this sort of statements will demonstrate to be accurate, and true results and long run events could differ materially from all those anticipated in such statements. The Organization cautions investors that any forward-wanting statements by the Organization are not guarantees of future performance, and that actual results may differ materially from people in forward-looking statements. Important components that could cause actual occasions and success to differ materially from the Firm’s anticipations incorporate but are not confined to the Company’s board of administrators becoming unable to or analyzing not to move forward with the Delisting, Identify Change or Consolidation, the incapacity of the Enterprise to locate a appropriate RTO goal, the inability of the Organization to negotiate satisfactory terms for an RTO, the inability of the Corporation to supply any funding required for the RTO or to source such financing on terms acceptable to the Company, the incapability of the Corporation to fulfill any closing problems, regulatory demands or other situations to finishing an RTO, foreign trade risk, the uncertainties and effects of COVID-19 on the Company’s strategic approach and any possible RTO, modifications in rules, dependence on senior management and essential staff, and other matters which are beyond the manage of the Company. Buying and selling in the securities of the Company should be considered highly speculative. All of the Company’s public disclosure filings may be accessed via www.sedar.com and viewers are urged to review these resources.

This push release is not, and is not to be construed in any way as, an give to acquire or sell securities in the United States.