Upon closing of the Transaction (the“ Closing ”), it is expected that shareholders holding 64.11% of Rimstock will hold 72% of the issued and outstanding shares of the Resulting Issuer (the“ Resulting Issuer Shares ”) and current shareholders of Captor Capital will hold 28% of the issued and outstanding Resulting Issuer Shares (on a non-diluted basis). The resulting issuer that will exist upon completion of the Transaction (the“ Resulting Issuer ”) will change its business from cannabis to the electric and luxury vehicle industry. It is currently contemplated that the Transaction will be effected by way of a share exchange of common shares of the Company for common shares of Rimstock (the“ Share Exchange ”). (CSE: CPTR FRANKFURT: NMVA STUTTGART: NMVA), (“Captor Capital” or the “Company”), is pleased to announce that it has entered into a binding letter of intent (the“ LOI ”) dated July 15, 2022, with UK-based Rimstock Holdings Limited (“ Rimstock ”) in respect of a proposed business combination pursuant to which the Company will acquire 64.11% of Rimstock in exchange for share capital in the Company and cash considerations, which will result in the reverse takeover of Captor Capital by Rimstock (the“ Transaction ”).

TORONTO, J(GLOBE NEWSWIRE) - Captor Capital Corp.

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