Fairplay Ventures Inc. Announces Change of CEO
June 28 2024 - 5:01PM
Fairplay Ventures Inc. (TSXV: FPY.P)
(“
Fairplay” or the “
Company”),
today announces that Mark Scarrow, currently the Chief Financial
Officer of the Company, has been appointed Chief Executive Officer
of the Company effective June 30, 2024 (the “
Effective
Date”).
The Company has concurrently accepted the
resignation of Nicholas Meyer, its current Chief Executive Officer,
as of the Effective Date. Mr. Meyer has resigned due to an upcoming
permanent relocation to Switzerland. The Company thanks Mr. Meyer
for his efforts on behalf of the Company and wishes him all the
best in his future endeavours.
Mr. Scarrow will continue as Chief Financial
Officer following the Effective Date, in addition to his new role
of Chief Executive Officer.
About Fairplay Ventures
Inc.
Fairplay has not commenced commercial operations
and the Company currently has no assets other than a minimum amount
of cash. Except as specifically contemplated in Policy 2.4 of the
TSX Venture Exchange, until the completion of a Qualifying
Transaction the Company will not carry on any business other than
the identification and evaluation of assets or businesses with a
view to completing a proposed Qualifying Transaction. Investors are
cautioned that trading in the securities of a capital pool company
should be considered highly speculative.
For further information please contact:
Mark Scarrow Chief Financial Officer Tel:
416-617-0305Email: mark@thescarrows.com
Cautionary Note Regarding
Forward-Looking Information
Certain statements contained in this news
release constitute "forward-looking information" as such term is
defined in applicable Canadian securities legislation. The words
"may", "would", "could", "should", "potential", "will", "seek",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and
similar expressions as they relate to the Company, including the
Company’s goal of completing a Qualifying Transaction, are intended
to identify forward-looking information. All statements other than
statements of historical fact may be forward-looking information
and include, in this press release, statements regarding the
composition of the Company’s board of directors and management as
at and following the Effective Date. Such statements reflect the
Company's current views and intentions with respect to future
events, and current information available to the Company, and are
subject to certain risks, uncertainties and assumptions. Material
factors or assumptions were applied in providing forward-looking
information, including that there will be no additional or
alternative resignations by directors or officers of the Company
between the date hereof and the Effective Date. Many factors could
cause the actual results, performance or achievements that may be
expressed or implied by such forward-looking information to vary
from those described herein should one or more of these risks or
uncertainties materialize. These factors include, without
limitation: additional appointments and resignations of directors
and officers; any completion by the Company of a Qualifying
Transaction; receipt of applicable director, shareholder and
regulatory approval of a Qualifying Transaction; changes in law;
the ability to implement business strategies and pursue business
opportunities; state of the capital markets; the availability of
funds and resources to pursue operations; as well as general
economic, market and business conditions, as well as those risk
factors discussed or referred to in disclosure documents filed by
the Company with the securities regulatory authorities in certain
provinces of Canada and available at www.sedarplus.ca.
Should any factor affect the Company in an
unexpected manner, or should assumptions underlying the
forward-looking information prove incorrect, the actual results or
events may differ materially from the results or events predicted.
Any such forward-looking information is expressly qualified in its
entirety by this cautionary statement. Moreover, the Company does
not assume responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this news release is made as of the date of this news
release and the Company undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law.
NEITHER THE 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.