October 28, 2024 – TheNewswire - Richmond, BC – ICARUS CAPITAL CORP.
(TSXV: ICRS) - Icarus Capital Corp. (“Icarus” or the “Issuer”) is pleased to announce that it will pursue a Listed Issuer Finance Exemption Offering (the “Offering”).

The Offering will be for a minimum of 1,265,000 and maximum of 2,186,666 units of the Issuer (the “Units”) at a price of $0.10 per Unit. Each Unit consists of one (1) common share of the Issuer (a “Unit Share”) and one half (1/2) common share purchase warrant (a “Warrant”). Each Warrant is exercisable into one half (1/2) common share, or two warrants can be converted to one share at a price of $0.10 (a “Warrant Share” and collectively with the Units, the Units Shares and the Warrants, the “Securities”) for a period of 36 months.  

The common shares of the Issuer are listed on the TSVX under the trading symbol “ICRS”). On the most recent active closing prior to the date of this announcement, October 24, 2024, the closing price of the Issuer’s common shares on the TSXV was $.015.

If the Offering achieves 100% of its maximum, gross proceeds would be $218,666 and an estimated $188,666 in net proceeds after transaction costs and legal fees. The Issuer has not engaged finders and does not expect to pay finders or other registrants fees for participating in the Offering. The Issuer has not engaged a dealer in connection with the Offering.

The Offering is expected to close within 45 days. The intended use of funds will be for general working capital, with up to $20,000 used to purchase digital video equipment and contract services.

An online fulfillment tool is available to interested investors, that greatly streamlines the investment process.  It is available at www.icaruscapital.ca/invest  

There is an offering document related to this offering that can be accessed under the issuer’s profile at www.sedarplus.ca and at www.icaruscapital.ca. Prospective investors should read this offering document before making an investment decision.

About Icarus

Icarus trades on the TSX-V as “ICRS”. Icarus operates a “Yuk Yuk’s” Comedy Club in Calgary, Alberta, a “Yuk Yuk’s” Comedy Club in Surrey, BC, hosts comedy events in theatres in British Columbia; and operates its subsidiary Yuk Yuk’s Media.

Further Information

The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.

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.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the transactions; the business plans of Icarus; use of funds; and the business and operations of the Issuer. 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; delay and failure to receive applicable Board, shareholder 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. These forward-looking statements are made as of the date hereof and Icarus disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

For further information regarding the above, please contact:

Garry Yuill, Chief Financial Officer, Icarus Capital Corp.

Email: garry@icaruscapital.ca

Telephone:         (778) 866 - 9041

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