Choice Consolidation Corp. Announces Winding-Up and Redemption Date

TORONTO, July 22, 2022 (GLOBE NEWSWIRE) -- Choice Consolidation Corp. (NEO:CDXX.UN.U) (OTCQX:CDXXF) (the “Company”) announced today that its board of directors has determined that the Company will be wound-up in accordance with its articles and the policies of the NEO Exchange and that the Company’s Class A restricted voting units (the “Class A Restricted Voting Units”), each comprised of one Class A restricted voting share (each a “Class A Restricted Voting Share”) and one-quarter of a warrant (a “Warrant”), will be automatically redeemed on or about August 16, 2022, (the “Redemption Date”). The Company’s board of directors has determined that it is in the best interests of the Company and its shareholders for the Company to be wound-up as they do not believe that an appropriate qualifying transaction can be identified and completed within the Company’s permitted timeline.