Global Investments Capital Corp. Announces Termination of Letter of Intent with Clerisy Corporation

Calgary, Alberta--(Newsfile Corp. - April 20, 2020) - Global Investments Capital Corp. (TSXV: GLIN.P) ("Global" or the "Corporation"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies ("Policy 2.4"), wishes to report that the previously announced letter of intent between the Corporation and Clerisy Corporation (the "LOI") has expired in accordance with the terms of the LOI.

Trading of the Corporation's common shares was initially halted on October 7, 2019 pending the announcement of the LOI. As the Company did not complete its Qualifying Transaction (as defined under Policy 2.4) within 24 months of listing on the Exchange, its common shares were suspended from trading on the Exchange on December 2, 2019, and will remain suspend until such time as the Company completes its Qualifying Transaction.

For further information:

Global Investments Capital Corp.
Trevor Peters
Director, CFO and Corporate Secretary
(403) 669-4848

Neither TSXV 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 press release.

Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this press release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", "is expected" "anticipates", "plans", "budget", "scheduled", "forecasts". "estimates", "believes" or intends" or variations (including negative and grammatical variations) of such words and phrases or stating that certain actions, events or results "may" or "could, "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this press release, forward-looking statements relate, among other things, to the resumption of trading of its common shares on the TSXV and timing thereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and the delay or failure to receive shareholder, director or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, Global assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.

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