Toronto, Ontario--(Newsfile Corp. - May 28, 2025) - Buzz Capital 2 Inc. (TSXV: BUZH.P) ("Buzz2" or the "Corporation"), a capital pool company as defined under Policy 2.4 of the TSX Venture Exchange (the "Exchange"), wishes to announce that, subject to any required shareholder and regulatory consents, it will be adopting an amended and restated stock option plan to replace its existing option plan. The Corporation's current plan is a "rolling up to 10%" plan which requires annual shareholder and regulatory approval. In an effort to control costs, the Corporation has elected to adopt a fixed 10% plan (the "New Option Plan") with a cashless exercise feature which, once approved, will dispense with the requirement for annual approvals. All outstanding options granted in November 2024 and March 2025 have been cancelled and will be re-granted once regulatory approval has been obtained for the New Option Plan.
Shareholders are also reminded that the Corporation has scheduled an annual meeting for July 3, 2025. Meeting materials are expected to be mailed in early June. In the event a postal strike is in effect during this time, the Corporation will rely be relying on alternative methods of communication which is expected to be announced by the Canadian Securities Administrators.
The Corporation currently has 10,320,000 common shares issued and outstanding and the New Option Plan will be entitled to grant up to 1,032,000 stock options.
For further information please contact:
Buzz Capital 2 Inc.
Zachary Goldenberg, CEO
Email: zach@libertyvp.co
Tel.: (647) 987-5083
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253677
SOURCE: Buzz Capital 2 Inc.
