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IV Hydeight, a subsidiary of Victory Square, announces receipt of conditional approval of TSXV, submission of application and closure of private placement, Canadian Business Journal

distribution to newswire services in the United States; Popularization in America.

VANCOUVER, British Columbia, November 14, 2022 (GLOBE NEWSWIRE) — Victory Square Technologies Inc. (CSE:VST) (OTC:VSQTF) (“VSTs” or “Company“) is the TSX Venture Exchange (“TSXV”) has conditionally approved the reverse takeover transaction (“transaction”) Merger Agreement Dated July 12, 2022 (“merger agreement”), Perihelion Capital Ltd. (“PCL”), IV Hydreight Inc. (“hydrite), VST, 1362795 BC Ltd., a wholly owned subsidiary of VST (“assetco), and 1203500 BC Ltd., a wholly owned subsidiary of PCL (together, “party”), which constitutes a Qualified Transaction (such terms are defined in Policy 2.4— capital pool company TSX Venture Exchange Corporate Finance Manual (“exchange))), the SEDAR profile of PCL (“Notification form”).

For additional information regarding this transaction, please refer to the filing statement available on PCL’s SEDAR profile at www.sedar.com.

about Victory Square Technologies Co., Ltd.

VST builds, acquires and invests in promising start-ups before providing the senior leadership and resources needed for rapid growth. The result is rapid scale-up and monetization with a proven track record.

The sweet spot of VST is cutting-edge technology shaping the Fourth Industrial Revolution. Our portfolio consists of 20+ global companies using AI, VR/AR and blockchain to transform diverse sectors such as fintech, insurance, health and gaming.

On behalf of the Board of Directors
Shaffin Tejani
Director and Chief Executive Officer

For more information about our company, please contact:

Investor Contact – Abbey Vogt
Email: [email protected]
Phone: 604 283-9166

Media Contact – Peter Smyrniotis, Director
Phone: 604 283-9166

The Canadian Stock Exchange has not endorsed or disapproved of the contents of this news release and assumes no responsibility for its adequacy or accuracy.

This press release does not constitute an offering of securities in the United States. The securities on offer have not been registered and will not be registered under the United States Securities Act of 1933, as amended. In addition, such securities may not be offered or sold in the United States without US registration or an applicable exemption from US registration requirements. .

Completion of the transaction is subject to a number of conditions, including, but not limited to, approval of TSXV, completion of antecedent conditions, including financing requirements, and, where applicable, majority approval of minority shareholders pursuant to TSXV requirements. Where applicable, the transaction cannot be completed until the required shareholder approvals have been obtained. There is no guarantee that the transaction will be completed as proposed or not completed at all.

Investors may not rely on any information published or received in connection with the Transaction, except as disclosed in any business circulars or filings made in connection with the Transaction. Note that it shouldn’t.

TSX Venture Exchange (“TSXV“) In addition, the Canadian Stock Exchange does not acknowledge the merit of trading in any way and does not endorse or disapprove of the contents of this news release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding our plans, intentions, beliefs and current expectations. of of Company When Respect To future work activity When operating performance. Forward-looking information is often expressed in terms of “could,” “could,” “could,” “should,” “will,” “intend,” “plan “will”, “predict”, “believe”, “estimate”, “expect” or similar expressions, including information about: somehow conditions To of Completion of of Conditions Prior to the Transaction Become satisfied, Also of Time of conclusion of the transaction and conditions prior to the transaction

Investors believe that forward-looking information is not based on historical facts, company management expectations, Estimate Also projection about future results Also event base upon of opinion, Assumption When Estimate of management consideration Appropriate and date of statement that is make. nevertheless of the company believes that of expectation reflected Such forward-looking information is reasonable and such information involves risks and uncertainties and unknown or unpredictable factors may affect the future results, performance or performance of the combined company. You should not place undue reliance on such information as it may have a material adverse effect on your performance.In between key cause that can cause actual result To different materially from Them projected of of Forward-looking information includes: the ability to complete a transaction and/or the terms and conditions preceding the transaction;Required Acquisition Ability regulation When other approval When of satisfaction of other conditions To of Completion of The Transaction and/or the terms preceding the Transaction on the proposed terms and schedule. announcement or completion of a transaction and/or the potential impact of conditions preceding the transaction, including regulatory bodies, employees, suppliers, customers and competitors; general economic, business, and changes in the political situation. Changes to Applicable Law. Comply with a wide range of government regulations. Diversion of administrative time of a transaction and/or conditions preceding the transaction. This forward-looking information may be subject to risks and uncertainties in PCL’s business. Hydrate and Market conditions.

should do it 1 Also more of these are risk Also uncertainty embody, Also should do it Assumption underlying of If any forward-looking information proves to be incorrect, actual results may differ materially from those intended, planned, anticipated, believed, estimated or projected herein. Although we have attempted to identify material risks, uncertainties and factors that could cause actual results to differ materially, results could differ from those anticipated, estimated or intended. There is a nature. We disclaim any intention or obligation to update this forward-looking information, except as otherwise required by applicable law. law.


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IV Hydeight, a subsidiary of Victory Square, announces receipt of conditional approval of TSXV, submission of application and closure of private placement, Canadian Business Journal

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