(TheNewswire)
Edmonton, Alberta – TheNewswire- February 15, 2024 - New Media Capital 2.0 Inc.(“ New Media ” or the “ Company ”) (TSXV:NEME.P) a capital pool company listed on the TSX VentureExchange (the “Exchange”), announces that the letter of intentwith Hypersonix Launch Systems Ltd., a private company incorporated under the laws ofNew South Wales, Australia, as previouslyannounced on February 4, 2022, March 7, 2022 and May 19, 2022 has been terminated and the proposed acquisition willnot proceed.
The Company will resume the process of identifying andevaluating businesses and assets with a view to completing aQualifying Transaction.
Trading in New Media shares on the Exchange iscurrently halted.
About NewMedia Capital 2.0 Inc.
The only business of New Media is the identificationand evaluation of assets or businesses with a view to completing a“Qualifying Transaction” in accordance with the policies of theTSXV.
Investors are cautioned that trading in the securitiesof a capital pool company should be considered highly speculative. Forfurther information, contact: New Media Capital 2.0 Inc., John A.Putters, CEO and Director. Tel.: 587-985-2601.
Neither the TSXVnor its Regulation Services Provider (as that term is defined in thepolicies of the TSXV) accepts responsibility for the adequacy oraccuracy of this release.
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