Trillium Acquisition Corp. Announces Closing of Initial Public Offering

Toronto, Ontario–(Newsfile Corp. – May 4, 2020) – Trillium Acquisition Corp. (TSXV: TCK.P) (“Trillium” or the “Company“) is pleased to announce that it has completed its initial public offering (the “Offering“) as a capital pool company (“CPC“) pursuant to a final long-form prospectus dated April 8, 2020 (the “Prospectus“).

On April 30, 2020, Trillium completed the Offering of an aggregate of 7,171,400 common shares of the Company (the “Shares“) at a price of $0.10 per Share for gross proceeds of $717,140. The Company has received conditional listing approval from the TSX Venture Exchange (the “Exchange“) for its Shares and expects that trading will commence on May 5, 2020 under the stock symbol TCK.P.

Echelon Wealth Partners Inc. (the “Agent“) acted as sole lead agent in respect of the Offering and, in connection therewith, the Company granted the Agent and its designated sub-agents an option to acquire 10% of the aggregate number of Shares sold pursuant to the Offering for a period of 24 months from the date of listing of the Shares on the Exchange at an exercise price of $0.10 per Share. In connection with the Offering, the Agent received a cash commission equal to 10% of the gross proceeds of the Offering and also received a corporate finance fee of $10,000, plus taxes.

Upon listing for trading of the Shares on the Exchange and as disclosed in the Prospectus, Trillium will grant 1,200,000 incentive stock options to its directors and officers, all of which are exercisable within five years from the date of grant at an exercise price of $0.10 per Share.

About Trillium

Trillium is CPC within the meaning of the policies of the Exchange that has not commenced commercial operations and has no assets other than cash. The officers and directors of Trillium are Catherine Wilson, Theodore Manziaris, David Davies, Robert Dickson and Kelly Hanczyk. Detailed information regarding each director is contained within the Prospectus, which is available to the public at www.sedar.com. Except as specifically contemplated in the CPC policy, until the completion of its Qualifying Transaction (as defined in the policies of the Exchange), the Company will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed Qualifying Transaction.

For further information contact:
Catherine Wilson:
Telephone: (201) 344-8228,
Email: catherinewilson16@gmail.com

Investors are cautioned that trading in the securities of a CPC should be considered highly speculative. Trillium is a CPC governed by the policies of the Exchange. Trillium’s principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notice on Forward-Looking Information

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Information set forth in this news release contains forward-looking statements. These statements reflect management’s current estimates, beliefs, intentions and expectations; they are not guarantees of future performance. Trillium cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Trillium’s control. Such factors include, among other things: Trillium’s ability to identify, evaluate and complete a Qualifying Transaction and other risks and uncertainties, including those described in the Prospectus filed with the Canadian Securities Administrators and available on www.sedar.com. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Trillium undertakes no obligation to publicly update or revise forward-looking information.

These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States unless an exemption from registration is available. This press release does not constitute an offer to sell or the solicitation of any offer to buy these securities in the United States.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

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