Platform 9 Capital Announces Termination of Proposed Qualifying Transaction with CGI Merchant Group

Toronto, Ontario--(Newsfile Corp. - March 5, 2021) - Platform 9 Capital Corp. (TSXV: PN.P)(the "Corporation"), a capital pool company, announces the termination of its proposed business combination (the "Transaction") with CGI Merchant Group ("CGI") previously announced on December 17, 2019, which was intended to constitute the Corporation's "Qualifying Transaction" as such term is defined in Policy 2.4 of the TSX Venture Exchange ("TSXV"). The Corporation will continue to pursue and evaluate other businesses and assets with a view to completing a Qualifying Transaction and will make further announcements with respect to these efforts as soon as practically possible.

About Platform 9 Capital Corp.

The Corporation is incorporated under the Business Corporations Act (Ontario) and is a capital pool company listed on the TSXV. The Corporation has no commercial operations and has no assets other than cash. For further information please see the final prospectus of the Corporation dated May 17, 2018, filed on SEDAR at www.sedar.com.

For further information please contact:

John Travaglini
Chief Executive Officer
(416) 861-1100

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

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