Rider 2 Investment Capital Corp. Announces Proposed Transaction
Calgary, Alberta–(Newsfile Corp. – May 11, 2021) – Rider 2 Investment Capital Corp. (TSXV: RIDR.P) (the “ Corporation ” or “ Rider 2 “), is pleased to announce that it has entered into a non-binding letter of intent (the “ LOI “) dated May 10, 2021, with D Block Discoveries Inc., an arm’s length mining exploration company with mineral exploration projects in Canada. Pursuant to the LOI, the Corporation, subject to entering into a definitive agreement (the “ Transaction Agreement “), has agreed to combine with the private company by way of share exchange, merger, amalgamation, arrangement, or other similar form of transaction (the “ Transaction “ ) . The Transaction is an arm’s length transaction and, when completed, may be considered to be the Qualifying Transaction for the purposes of the TSX Venture Exchange Inc. (“ TSXV “). The Corporation has requested its common shares (“ Shares “) be halted by the TSXV pending review of materials for the Transaction.