Alpha Peak Announces Annual Typical and Specific Assembly of its Shareholders

VANCOUVER, British Columbia, March 19, 2021 (World NEWSWIRE) — Alpha Peak Leisure Inc. (“Alpha Peak” or the “Enterprise”) (NEX: AAP.H) announces that it will keep an once-a-year standard and distinctive meeting of its shareholders (the “Assembly”) on April 15, 2021 at 9:00 a.m. (Toronto time). The Assembly will be an on line-only assembly, in buy to comply with legal demands and social distancing very best procedures in gentle of COVID-19.

A summary of the small business of the Conference is provided under and added details about the Meeting, including how to participate and vote at the Meeting, are set out in the Detect of Conference and Management’s Info Circular (the “Circular”), every single of which are readily available on the Company’s SEDAR profile at www.sedar.com.

Yearly General and Exclusive Assembly (April 15, 2021)

The Assembly will be held on April 15, 2021 at 9:00 a.m. (Toronto time) and will be an on the web-only assembly. At the Assembly, shareholders will be introduced with the Company’s consolidated economic statements for the monetary decades finished December 31, 2019 and December 31, 2020, together with the independent auditor’s report for these economic statements. Shareholders will also be asked to take into account and, if thought a good idea, to pass resolutions:

(i)

approving the re-appointment of Crowe MacKay LLP as the Company’s auditor for the monetary calendar year ending December 31, 2021 and authorizing the Company’s board of administrators to fix the auditor’s payment

(ii)

fixing the amount of administrators of the Business at a few (3), and electing the administrators of the Firm for the coming calendar year

(iii)

authorizing the Company to change its content articles and observe of content articles to improve its name to “Alpha Peak Cash Inc.” or this kind of other name as the directors of the Business may well decide

(iv)

authorizing the Corporation to change its posts and see of articles to influence a consolidation of its widespread shares on the foundation of 1 submit-consolidation popular share for just about every 10 pre-consolidation frequent shares

(v)

authorizing the Corporation to voluntarily delist its popular shares from the NEX Board of the TSX Enterprise Trade (the “Exchange”) and

(vi)

approving this sort of other issues and transacting these other business enterprise as may well effectively come just before the Meeting or any adjournment of the Conference.

The board of directors of the Corporation is unanimously recommending that all shareholders vote in favour of every of the products set out previously mentioned.

When all shareholders are invited to show up at the Meeting, only shareholders of record as of March 10, 2021, the file date for the Meeting, will be entitled to solid a vote at the Conference. Eligible shareholders who do not wish to attend can also vote on the enterprise of the Assembly by submitting a proxy or voting instruction form in accordance with the recommendations set out in the Round and/or presented by their applicable broker or agent. Proxies will have to be gained by the Company or its transfer agent by no later than 9:00 a.m. (Toronto time) on April 13, 2021 or, if the Conference is adjourned, by no later on than 48 hrs prior to the new Conference date and time.

Voluntary Delisting from the Exchange

At the Meeting, the Company will be in search of shareholder authorization to voluntarily delist its typical shares from the Trade. The reasons for the proposed delisting and a description of some of the expected challenges related with the delisting are established out in detail in the Round.

Shareholder approval for the delisting will involve affirmative votes from far more than half of the widespread shares represented at the Meeting, excluding any popular shares that are beneficially owned, managed or directed by any director or officer of the Corporation. The delisting will also be subject to any needed regulatory and third-party approvals, like the acceptance of the Exchange.

The proposed date for the delisting is April 19, 2021, or these types of other date as could be decided by the board of administrators of the Business. If the delisting date is improved, the Company will situation an update by press release.

Adjust of Title

At the Assembly, the Organization will also be looking for shareholder authorization to transform its identify to “Alpha Peak Capital Inc.” or to these kinds of other identify as the directors may well decide. The purpose of the improve of name is to superior replicate the present and possible future small business of the Firm.

Shareholder approval for the change of identify will need affirmative votes from far more than two thirds of the typical shares represented at the Conference. The transform of identify will also be subject matter to any necessary regulatory and 3rd-bash approvals, together with the approval of the Exchange if the Business proceeds to be listed on the Exchange at the time the transform of title is concluded.

The Company will issue an update by press release when the change of identify goes into impact.

Consolidation of Prevalent Shares

At the Meeting, the Enterprise will also be trying to get shareholder authorization to consolidate its prevalent shares on the basis of 10 pre-consolidation widespread shares to 1 publish-consolidation frequent share. The motives for the proposed consolidation and a description of some of the predicted challenges related with the consolidation are set out in depth in the Circular.

The Corporation presently has 72,077,073 issued and fantastic frequent shares and expects that pursuing the consolidation it will have around 7,207,707 issued and remarkable prevalent shares. Fractional shares will not be issued and any fractional shares that would usually consequence from the consolidation will instead be rounded to the closest total number of widespread shares.

Shareholder acceptance for the delisting will call for affirmative votes from additional than two-thirds of the widespread shares represented at the Conference. The consolidation will also be topic to any required regulatory and 3rd-get together approvals, which include the acceptance of the Exchange if the Enterprise continues to be listed on the Exchange on the efficient date of the consolidation.

The proposed date for the consolidation is May well 1, 2021, or this sort of other date as may perhaps be determined by the board of directors of the Organization. If the consolidation date is changed, the Business will situation an update by press release.

For extra details, please get hold of:

Zachary Goldenberg, CEO
Mobile phone No.: 647-987-5083
Electronic mail: [email protected]

Neither the TSX Undertaking Exchange (“TSXV”) nor its Regulation Expert services Provider (as that term is defined in the procedures of the TSXV) accepts responsibility for the adequacy or accuracy of this press launch.

This push launch consists of forward-on the lookout statements and ahead-hunting information and facts (collectively, “forward-searching statements”) in just the which means of applicable Canadian and United States securities guidelines. All statements, other than statements of historic simple fact, incorporated herein are forward-wanting statements. Ahead-wanting statements are normally identified by text these kinds of as: will, may possibly, thinks, expects, anticipated, close to, and related expressions or are those which, by their nature, refer to upcoming occasions. Despite the fact that the Corporation thinks that this kind of statements are acceptable, there can be no assurance that these kinds of statements will verify to be correct, and precise outcomes and long term situations could vary materially from all those predicted in this sort of statements. The Corporation cautions investors that any forward-seeking statements by the Firm are not assures of potential overall performance, and that precise benefits might vary materially from those in forward-on the lookout statements. Essential things that could cause precise functions and benefits to vary materially from the Company’s expectations consist of an adjournment of the Meeting a improve in the proposed business of the Meeting unanticipated numbers of shareholders attending or failing to show up at the assembly or voting or failing to vote by proxy the Enterprise getting not able to acquire shareholder or Trade acceptance for any goods of small business proposed at the Assembly the Company’s board of administrators pinpointing not to progress with the title alter, share consolidation or voluntary delisting and other threats as set out in the Circular. Buying and selling in the securities of the Enterprise really should be regarded as highly speculative. All of the Firm’s public disclosure filings might be accessed via www.sedar.com and audience are urged to review these materials.

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