Hoist Capital Corp. Announces Completion of Initial Public Offering

Calgary, Alberta--(Newsfile Corp. - August 14, 2018) - Hoist Capital Corp. (TSXV: HTE) (the "Corporation"), a capital pool company under Policy 2.4 (the "CPC Policy") of the TSX Venture Exchange ("Exchange"), is pleased to announce that it has completed its initial public offering of 4,000,000 common shares at an issuance price of $0.10 per share for aggregate gross proceeds of $400,000 (the "Offering"). Canaccord Genuity Corp. ("Agent") acted as agent for the Corporation. Upon closing of the Offering, the Corporation granted 1,120,000 incentive stock options to its directors and officers which are exercisable within 5 years from the date of grant at an exercise price of $0.10 per share. In addition, the Corporation issued 400,000 options to the Agent which are exercisable at $0.10 per share for a period of 24 months. Following completion of the Offering, the Corporation has 11,200,000 common shares issued and outstanding and 7,200,000 of these shares are subject to the terms of an Exchange Form 2C Escrow Agreement. The Corporation anticipates that the common shares will commence trading on the Exchange on or about Aug. 16, 2018, under the trading symbol "HTE".

The only business of the Corporation is the identification and evaluation of assets or business with a view to completing a "Qualifying Transaction" (as defined in the CPC Policy) within 24 months. Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.

For further information, contact:  

Arif Shivji, President
Tel: (403) 803-2150
arif.shivji@shivjicofservices.com

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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES, THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1993, AS AMENDED, OR ANY SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES