Stockwatch

Amego Capital Corp
Symbol	MEGO
Shares Issued	3,675,000
Close 2023-11-21	C$ 0.26
Market Cap	C$ 955,500
Recent Sedar+ Documents

Amego Capital closes $536,522 private placement

2023-11-30 18:37 ET - News Release

Subject: Amego Capital Corp - news release Word Document File: '\\swfile\EmailIn\20231130 153139 Attachment 20231130 Amego - news release announcing closing of private placement of shares (Nov 30 2023).docx' - 2 - LEGAL_42702180.2 LEGAL_42702180.2 LEGAL_42702180.2 LEGAL_42702180.2 AMEGO ANNOUNCES COMPLETION OF NON-BROKERED PRIVATE PLACEMENT OF SHARES - NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES - VANCOUVER, BC, November 30, 2023 - Amego Capital Corp. (the "Company" or "Amego") (TSX-V: MEGO.P) a capital pool company, announces that further to its news release dated November 3, 2023, the Company has completed the non-brokered private placement upon the sale and issuance of 1,916,152 common shares in the capital of the Company (the "Shares"), at $0.28 per Share, for aggregate proceeds of $536,522.56 (the "Offering"). Three insiders of the Company (the "Insiders") purchased an aggregate 840,000 Shares under the Offering. The Insiders' participation constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Securityholders in Special Transactions ("MI 61-101"). Such transactions are exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of any securities issued to nor the consideration paid by such person exceeds 25% of the Company's market capitalization. The Company did not file a material change report 21 days prior to the closing of the Offering as the details relating to the participation of the Insiders were not settled until shortly prior to the closing of the Offering. Further information regarding the Offering will be provided in a material change report to be filed by the Company. Amego is a capital pool company (CPC), as defined under the policies of the TSX Venture Exchange ("TSX-V"). The net proceeds of the Offering will be used to finance continuing activities relating to the identification and negotiation of a suitable "Qualifying Transaction", as defined under the policies of the TSX-V. All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day from the date of issuance. In addition, all Shares issued to the Insiders will be subject to an 18 month, post "Qualifying Transaction" escrow release schedule in accordance with applicable securities legislation and the policies of TSX-V. The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the US. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction. ABOUT AMEGO CAPITAL CORP. Amego is publicly listed on the TSX-V under the symbol MEGO.P. Amego was formed as a capital pool company in accordance with policies of the TSX-V. For further information please contact: Kirk Exner, Chief Executive Officer, (559) 318-5592 ON BEHALF OF THE BOARD of DIRECTORS Kirk Exner Chief Executive Officer Cautionary Statement Regarding "Forward-Looking" Information This news release includes "forward-looking information" that is subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Forward-looking statements may include but are not limited to, statements relating to the trading of the Company's common shares on the TSX-V and the Company's use of proceeds are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law. Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.