Capricorn Business Acquisitions Inc. Announces Director Appointment

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Toronto, Ontario–(Newsfile Corp. – June 1, 2021) – Capricorn Business Acquisitions Inc. (TSXV: CAK.H) (the “Company“) is pleased to announce that its board has appointed Robin McWatt as a director of the Company, effective May 31, 2021, who has replaced David Posner. Mr. McWatt shall serve as a member of the Audit Committee of the Company’s Board and is considered independent as defined in National Instrument 52-110 – Audit Committees.

Mr. McWatt joined Foundation Markets in 2017 and is currently Vice President in the Corporate Finance Group. He previously held positions at a Canadian investment management firm and one of the leading Canadian financial data and software companies. Mr. McWatt earned his Bachelor of Arts degree in Economics and Finance from McGill University.

About Capricorn

The Company is a NEX listed company and classified as a Capital Pool Corporation as defined in TSXV Policy 2.4. The Company’s principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction within the meaning of TSXV policies.

For more information please contact:

Capricorn Business Acquisitions Inc.
Yvan Routhier
CEO, President and Director
(514) 249-0714
routhieryvan@hotmail.com

Caution Regarding Forward-Looking Statements

Certain statements in this press release may constitute “forward looking statements” which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. When used in this press release, such statements may use such words as “may”, “will”, “expect”, “believe”, “plan” and other similar terminology. These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. The forward-looking statements involve a number of risks and uncertainties. These risks and uncertainties include, but are not limited to, the Company’s stage of development, capital requirements and future ability to fund operations, regulatory requirements, general economic, market or business conditions. The foregoing list of factors is not exhaustive. The Company undertakes no obligation to update publicly or revise any forward-looking statements, whether a result of new information, future results or otherwise, except as required by law.

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.

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