Interactive Capital Partners Corporation Announces Changes to Board of Directors and Management and Provides Corporate Update

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Toronto, Ontario–(Newsfile Corp. – August 28, 2020) – Further to its press release of May 25, 2020, Interactive Capital Partners Corporation (the “Company“) announces that, by virtue of having assumed management and supervision of the Company, the following individuals are the directors of the Company: Jessica Whitton, Daniel Nauth and Kelly Malcolm. The new board of directors has appointed Jennifer Thor as Chief Executive Officer of the Company and Arvin Ramos as Chief Financial Officer of the Company.

A brief biography of each of the members of the newly appointed board of directors and management team of the Company are as follows:

Jessica Whitton, Director – Ms. Whitton practices general corporate and securities law for both public and private issuers and advises on a variety of transactions including private placements, public offerings, M&A and continuous disclosure obligations. Ms. Whitton holds a Bachelor of Laws from the University of Southampton, a Certificate of Qualification from the Federation of Law Societies and a Bachelor of Arts (Honours) from Queen’s University. Ms. Whitton is a Member of the Law Society of Ontario. Ms. Whitton serves as Corporate Secretary of QcX Gold Corp., Corporate Secretary of Generic Gold Corp., President, Chief Executive Officer, Corporate Secretary and Director of Ateba Resources Inc. and Mainstream Minerals Corporation.

Daniel Nauth, Director – Mr. Daniel Nauth practices U.S. securities and corporate law and advises both public and private issuers on U.S.-Canada cross border capital markets, M&A and corporate/securities transactions and regulatory compliance. Mr. Nauth holds a J.D. from Queen’s University and a Bachelor of Arts (Hons.) from York University. Mr. Nauth is a licensed Foreign Legal Consultant in the Province of Ontario. Mr. Nauth has extensive advisory experience in a range of industries, including mining and oil/gas, emerging biopharmaceutical and medical devices, medicinal cannabis, cryptocurrencies and blockchain technology. Mr. Nauth serves as Chairman of the Board of Bhang Inc. and director of QcX Gold Corp.

Kelly Malcolm, Director – Mr. Malcolm is a Professional Geologist (Ontario) with extensive exploration experience focused on precious metal exploration. Mr. Malcolm is currently Vice President Exploration at Amex Exploration Inc., which has made several discoveries on the Perron project in Quebec. Mr. Malcolm was involved in the discovery and delineation of Detour Gold’s high grade 58N gold deposit, and acts as director, advisor, or management for several public and private mineral exploration companies. Mr. Malcolm holds a BSc in geology and a BA in economics from Laurentian University.

Jennifer Thor, Chief Executive Officer Ms. Thor is a Corporate and Securities Law Clerk with Irwin Lowy LLP since May 2020. Prior thereto, Ms. Thor was a Senior Law Clerk at a prominent Canadian public company. Ms. Thor has worked for several prominent law firms and public companies and has served as a director of several junior mining companies. Mr. Thor is a member of the Institute of Law Clerks of Ontario.

Arvin Ramos, Chief Financial OfficerMr. Arvin Ramos holds a degree in commerce and a member of the Chartered Professional Accountants of Ontario. Mr. Ramos has over 17 years of business experience, having supported a broad range of industries, including mining, technology and banking. Mr. Ramos serves as Chief Financial Officer of several junior mining companies.

Jessica Whitton, Daniel Nauth and Kelly Malcolm will act as members of the audit committee of the Company.

The Company is currently subject to a cease trade order issued by the Ontario Securities Commission on June 22, 2020, as a result in the delay in filing its audited annual financial statements, management discussion and analysis and related certifications for the financial year ended December 31, 2019 and interim financial statements, management discussion and analysis and related certifications for the interim period ended March 31, 2020. The delay in filing was a result of a lack of financial resources, which resulted in the mass resignation of the members of the previous board of directors and management. A third party has advanced funds to the Company’s auditors for the purposed of completing the audited financial statements for the Company’s last financial year end. The Company expects to be in a position to file all the required financial statements, related management discussion and analysis and certifications by September 21, 2020. New management intends to rectify the deficiencies with a view to revoking the cease trade order.

Assuming management is able to remedy the deficiencies, it would then commence a review of strategic alternatives with a view to enhancing shareholder value. There can be no assurance that the strategic alternatives review process will result in the identification of a suitable transaction for the Company.

For further information, please contact:

Jennifer Thor
Chief Executive Officer
Tel: (416) 361-2820
Email: jthor@irwinlowy.com

This news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. These statements are only predictions. Forward-looking information is based on the opinions and estimates of management at the date the information is provided, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. For a description of the risks and uncertainties facing the Company and its business and affairs, readers should refer to the Company’s Management’s Discussion and Analysis. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking information.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/62752