Press Release

Download PDF

REX Opportunity Corp. Announces Closing of Second Tranche of Milestone Private Placement Financing

Wednesday, March 3, 2021

Download PDF

Toronto, Ontario

March2, 2021

REX Opportunity Corp. (“REX” or the “Corporation”),the content creator aggregator taking creators public, is pleased to announce that it has closed the second tranche of a previously announced and amended non-brokered private placement (“Offering”)(see press releases December 16, 2020 and February 8, 2021), of 200,000 units at a price of $0.25 per Unit for aggregate gross proceeds of $50,000 including settlement of $5,000 of debt with an arm’s length creative service provider.  Each Unit consists of one (1) common share of REX and one-half(1/2) of one (1) common share purchase warrant with each whole warrant exercisable to purchase one (1) common share of REX at an exercise price of $0.50 for a period of two years from the date of listing of REX’s common shares on a recognized Canadian stock exchange. All securities issued in connection with the Offering are subject to a hold period of four months and one day.  No fees or commissions were paid in connection with the Offering.

REX intends to use the proceeds of the Offering to continue developing and implementing its business strategy of investing in content creators and influencers by acquiring interests in their content and channels.

About REX

REX is a content creator aggregator. We acquire interests increators’ broadcast and streaming channels, rolling them into a public company.We offer the opportunity to invest directly in creators. With REX, creators andinvestors have the opportunity to share in the growth of the content industry.

For further informationcontact:
REX Opportunity Corp.
Jim Boyle                                                                Douglas Ibbitson, CFA
Chief Executive Officer                                            Chief Investment Officer                                 

No securitiesregulatory authority, stock exchange or regulatory services provider hasreviewed or accepts responsibility for the content of this release.


Thispress release contains "forward-looking statements". Forward-lookingstatements can be identified by words such as: "anticipate,""intend," "plan," "goal," "seek,""believe," "project," "estimate,""expect," "strategy," "future," "likely,""may," "should," "will" and similar references tofuture periods. Examples of forward-looking statements include, among others,statements we make regarding use of proceeds and new business strategies.

Forward-looking statements are neither historical facts nor assurances offuture performance. Instead, they are based only on our current beliefs,expectations and assumptions regarding the future of our business, future plansand strategies, projections, anticipated events and trends, the economy andother future conditions. Because forward-looking statements relate to thefuture, they are subject to inherent uncertainties, risks and changes incircumstances that are difficult to predict and many of which are outside ofour control. Our actual results and financial condition may differ materiallyfrom those indicated in the forward-looking statements. Therefore, you shouldnot rely on any of these forward-looking statements. Important risk factorsthat could affect forward-looking statements include, among others, thefollowing: REX has limited resources, the adequacy of proceeds of financing,the ability of the Corporation to obtain financing, the regulatory environment,the economy and capital markets generally and in particular, the ability ofmanagement to implement a business strategy, the importance of key directors,employees, advisors and consultants, and potential for competition.

Any forward-looking statement made by REX in this press release is based onlyon information currently available to the Corporation and speaks only as of thedate on which it is made. Except as required by applicable securities laws, weundertake no obligation to publicly update any forward-looking statement,whether written or oral, that may be made from time to time, whether as aresult of new information, future developments or otherwise.

This news release does notconstitute an offer to sell or a solicitation of an offer to buy any of thesecurities in the United States. The securities of the Corporation will not beregistered under the United States Securities Act of 1933, as amended (the"U.S. Securities Act”), and may not be offered or sold within the UnitedStates or to, or for the account or benefit of U.S. persons except in certaintransactions exempt from the registration requirements of the U.S. SecuritiesAct.