Vancouver, BC – TheNewswire - March 28, 2025 – Icarus Capital Corporation (TSXV: ICRS) is deeply saddened to announce the passing of Garry Yuill, a former Director and CFO of the Company. Garry’s dedication and leadership were instrumental in guiding Icarus Capital through many key milestones, helping to further its mission of "spreading laughter far and wide." His legacy will forever remain a vital part of the Company’s ongoing journey.

 

The Board of Directors convened on Thursday, March 27, 2025, to address the transition following Garry's passing and to announce the following updates:

• Mr. Eric Lapointe, the Chief Executive Officer (CEO) of Icarus Capital, has been appointed as a Director of the Company. 

• Mr. Kenneth Wall (Director) has been appointed as interim Chief Financial Officer (CFO), assuming the role once again, having previously held this position at Icarus. 

• Mr. Thomas Bell, Mr. Howard Blank, and Mr. Greg Mulvey will continue to serve as Directors and assist Management during this transitional period to ensure the continued success of the Company. 

 

“It is with profound sadness that we announce the passing of Garry Yuill,” said Eric Lapointe, CEO of Icarus Capital. “His contributions to Icarus and the entertainment community will be sorely missed. Garry’s vision and leadership set the foundation for the Company we are today, and his legacy will guide us moving forward.”

 

“Icarus Capital will continue to provide outstanding entertainment while focusing on strategic growth initiatives and honoring the memory of our colleague, Mr. Garry Yuill,” said Howard Blank, Director of Icarus Capital. “His influence on the company and the industry will never be forgotten.”

Icarus Capital remains committed to building on the vision and values set by Garry Yuill, ensuring that the Company continues to thrive as a leader in the entertainment industry.

 

About Icarus Capital Corporation

Based in Richmond, BC Canada, Icarus Capital Corporation specializes in live and digital entertainment, mainly focused on stand-up comedy. The company’s initial milestone included successfully securing the necessary funding to become a publicly traded company, listed as the ICRS ticker symbol on the TSX-V (Toronto Stock Exchange - Venture). The current assets include the Yuk Yuk's Calgary Comedy Club, Yuk Yuk’s Surrey Comedy Club, Yuk Yuk’s Media and Yuk Yuk’s Western Canadian Theatre Shows. More details can be found at: www.icaruscapital.ca.

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:

Eric Lapointe, Chief Executive Officer, Icarus Capital Corp.

Email:  eric@yukyuksmedia.com

604-600-2490

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