Maple Peak Announces Extension of Exclusivity Period with Citizen Journalism Network (CJN) Invest Ltd.

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VANCOUVER, British Columbia — Maple Peak Investments Inc. (TSXV – MAP) (“MAP” or “Company”) announced today that Company and Citizen Journalism Network (CJN) Invest Ltd. (“CJN”), a private company incorporated under the laws of the Marshall Islands, has agreed to extend the exclusivity period until the earlier of (i) the completion of the Payment (as defined below), or (ii) February 28, 2025, in connection with the proposed acquisition of MAP by CJN in reverse (the “What is being done“) previously announced in a May 13, 2024, news article.

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As previously announced, the proposed Transaction is subject to a number of conditions, including but not limited to, the completion of due diligence that is reasonable or customary in transactions of the same type, the preparation and execution of specific agreements, those permits and possible approvals. required by the parties, including, but not limited to, the approval of the board of directors and shareholders of each MAP and CJN, as may be required, and other exchanges. permits and approvals required to complete the proposed Work. The company will issue the following press release when it enters into direct agreements with CJN.

Dennis Tam, CEO of MAP, he commented: “We are happy to see this proposed agreement continue to move forward with the CJN. We are making progress on this project, and we hope to complete all the related activities and be ready to sign definitive agreements by the end of February, 2025. CJN, under the leadership of CEO Mario Nawfal, has shown both foresight and a sense of initiative with. by respecting the rapidly growing global media trend, and focusing on directing and integrating monetization with the media and technology sectors. We have been impressed by Mario’s dedication and perseverance in driving CJN’s growth and making Web3 accessible to more people. We look forward to working with Mario and CJN and progressing towards the completion of this landmark project.”

CJN and its Business

The Citizen Journalism Network (CJN) is a decentralized news group and incubator, and one of the fastest growing media initiatives worldwide. Building on the ethos of X’s X statement and Elon Musk’s being a global city platform, CJN strives for free speech and the core belief that every voice has the power to affect the world. The CJN has established a record-breaking introduction of citizen journalism to important events with balance accounts that have no related agenda or research. Additionally, the business boasts ownership of one of the leading tech/Web3 VC incubators. Combined with the media monetization model, CJN is poised to continue to grow both organically and through mergers and acquisitions of other media.

The TSXV has not been successful in any way in acquiring the proposed transaction and has neither approved nor disapproved the contents of this press release.

Forward-Looking Information

This news release contains forward-looking information based on current expectations. Statements regarding the closing of the Transaction, including but not limited to, the expected terms of the Transaction, the number of securities the parties may issue in connection with the Transaction, the financing of the private placement, the termination of the financing, the business and operations. of CJN, and the ability of the parties to satisfy the closing conditions and obtain the necessary approvals are all forward-looking information. These statements should not be read as guarantees of performance or future results. Such statements involve known and unknown risks, uncertainties and other factors that could cause actual results, performance or success to differ materially from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the Transaction will occur or that, if the Transaction occurs, it will be completed on the terms described above. MAP assumes no obligation to update or revise forward-looking information to reflect new events or circumstances except as required by law.

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

View the source version at businesswire.com: https://www.businesswire.com/news/home/20241223327403/en/

Contacts

For more information, contact:

Company Maple Peak Investments Inc.
Dennis Tam, CEO and Director
Phone: (852) 3955 1200
dennis@maplepeakinvestments.com

Thurman So, Director
Phone: (604) 488-5219
thurman@maplepeakinvestments.com

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