Mr. Karamveer Thakur reports

AAJ CAPITAL 2 CORP. COMPLETES INITIAL PUBLIC OFFERING AS A CAPITAL POOL COMPANY

AAJ Capital 2 Corp. has completed its initial public offering of 2.5 million common shares for gross proceeds of $250,000 through its agent, Canaccord Genuity Corp., on a commercially reasonable efforts basis. Following the closing of the offering, a total of 5.15 million shares are issued and outstanding, of which 2.65 million are currently held in escrow, pursuant to the policies of the TSX Venture Exchange.

The net proceeds of the offering, together with the proceeds from prior sales of shares, will be used by the corporation to identify and evaluate assets or businesses for acquisition with a view to completing a "qualifying transaction" under the exchange's capital pool company program.

In connection with the offering, the agent received a cash commission equal to 10 per cent of the gross proceeds of the offering. In addition, the corporation granted to the agent non-transferable warrants to purchase up to 250,000 shares at a price of 10 cents per share. The warrants may be exercised for a period of 24 months from the day the shares are listed on the exchange. The agent was also paid its reasonable expenses and an administration fee for its services in connection with the offering.

The board of directors of the corporation consists of: Karamveer Thakur, Ravinder Kang and Praveen Varshney.

An aggregate of 515,000 stock options have also been granted to all the directors and officers of the corporation to acquire shares of the corporation at an exercise price of 10 cents per shares with an expiry date of Aug. 22, 2024.

The corporation's common shares are expected to commence trading on the exchange on Aug. 26, 2019, under the trading symbol AAJC.P.

We seek Safe Harbor.