Qualifying transaction -- completed/new symbol

The TSX Venture Exchange has accepted for filing the company's qualifying transaction, as described in its information circular dated Sept. 21, 2023. As a result, at the opening on Friday, Oct. 27, 2023, the company will no longer be considered a capital pool company. The qualifying transaction includes the following.

The qualifying transaction consists of the non-arm's-length acquisition of all shares of Schrader Funeral Home and Cremation Services Ltd. for consideration of six million common shares at a deemed price of 20 cents.

Six million common shares issued to principals pursuant to the qualifying transaction will be subject to a Tier 2 value security escrow agreement to be released over a 36-month period. Two million five hundred thousand common shares are subject to a capital pool company (CPC) escrow agreement to be released over an 18-month period.

The company will continue as Rumbu Holdings Ltd. and trade under the symbol RMB.

The exchange has been advised that the above transaction has been completed.

Insiders:  Daryl Lockyer, 3.8 million shares; Jamie D. Lockyer, 2.7 million shares; Shelina Hirji, 200,000 shares; Ross O. Drysdale, 500,000 shares; Shane Wylie, 400,000 shares; J. Michael Sullivan, 400,000 shares

Effective at the opening, Friday, Oct. 27, 2023, the common shares of Rumbu Holdings Ltd. will commence trading on the TSX Venture Exchange, under the symbol RMB.

Capitalization:  unlimited shares with no par value, of which 12,782,500 shares are issued and outstanding

Escrow:  8.5 million common shares

Transfer agent:  TSX Trust Company

Symbol:  RMB (same symbol as CPC but with .P removed)

Cusip No.:  781391 10 7 (unchanged)

The company is classified as a funeral services company.

For further information, please refer to the company's information circular dated Sept. 21, 2023, which has been filed on SEDAR+.