1289625 B.C. Ltd. Completes Plan of Arrangement

Vancouver, British Columbia--(Newsfile Corp. - April 21, 2021) - 1289625 B.C. Ltd. ("128" or the "Company"), 1287390 B.C. Ltd., 1287396 B.C. Ltd., 1287398 B.C. Ltd., 1287401 B.C. Ltd., 1287405 B.C. Ltd., 1287406 B.C. Ltd., 1287409 B.C. Ltd., 1287411 B.C. Ltd., 1287412 B.C. Ltd., and 1287413 B.C. Ltd. are pleased to announce that the arrangement previously announced by 128 in its March 25, 2021 management information circular was completed April 6, 2021.

Arrangement

Under the statutory plan of arrangement ("Plan of Arrangement"), each 128 Shareholder received the following in exchange for each existing common share of 128: 100,000 common shares of 1287390 B.C. Ltd., 100,000 common shares of 1287396 B.C. Ltd., 100,000 common shares of 1287398 B.C. Ltd., 100,000 common shares of 1287401 B.C. Ltd., 100,000 common shares of 1287405 B.C. Ltd., 100,000 common shares of 1287406 B.C. Ltd., 100,000 common shares of 1287409 B.C. Ltd., 100,000 common shares of 1287411 B.C. Ltd., 100,000 common shares of 1287412 B.C. Ltd., and 100,000 common shares of 1287413 B.C. Ltd. for each outstanding common share of 128 held (the "Distributed Securities"). In addition to the distribution of the Distributed Securities to the 128 Shareholders, each existing common share of 128 was exchanged for one new common share of 128 ("New Common Share").

As a result of completing the Plan of Arrangement, 1287396 B.C. Ltd., 1287398 B.C. Ltd., 1287401 B.C. Ltd., 1287405 B.C. Ltd., 1287406 B.C. Ltd., 1287409 B.C. Ltd., 1287411 B.C. Ltd., 1287412 B.C. Ltd., and 1287413 B.C. Ltd. are now separate reporting issuers and 128 holds no interest in any of the aforementioned entities.

For further information please contact:James Ward CEO, 1289625 B.C. Ltd.Phone: 416-897-2359james@wardfinancial.ca^[1]

This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Not for distribution to U.S. Newswire Services or for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/81194^[2]

References

1. ^{^} james@wardfinancial.ca (www.newsfilecorp.com)
2. ^{^} https://www.newsfilecorp.com/release/81194 (www.newsfilecorp.com)