Sleeping Giant Capital Corp. Announces the Closing of its Initial Public Offering

CALGARY, AB, June 15, 2021 /CNW/ - Sleeping Giant Capital Corp. ("Sleeping Giant"), a capital pool company, is pleased to announce the closing of its initial public offering of 5,000,000 common shares (each, a "Common Share") at a price of $0.10 per share for a total amount of $500,000 to investors in the provinces of Alberta, British Columbia, Saskatchewan and Ontario (the "Offering").

Richardson Wealth Limited acted as agent for Sleeping Giant and received a remuneration of $50,000 being 10% of the proceeds of the Offering as well as non-transferable options to purchase an aggregate of 500,000 Common Shares at $0.10 per share, valid for 5 years from the date hereof.

Sleeping Giant also granted stock options to directors of Sleeping Giant to acquire up to an aggregate of 780,000 Common Share (the "Stock Options").  Each Stock Option is exercisable to acquire one Common Share at a price of $0.10 any time prior to June 15, 2031.

Following the completion of the Offering, Sleeping Giant has 7,800,000 Common Shares issued and outstanding, 2,800,000 of which are subject to escrow restrictions as disclosed in Sleeping Giant's final prospectus dated May 20, 2021 (the "Prospectus"). 

In accordance with Policy 2.4 of the TSX Venture Exchange (the "TSX-V"), the Common Shares will be admitted for trading on the TSX-V under the ticker symbol SSX.P at the opening of the market on June 17, 2021.

For further information, please refer to the Prospectus, which is available to the public under Sleeping Giant's profile on SEDAR at www.sedar.com.

About the Company

Sleeping Giant is a capital pool company ("CPC") within the meaning of Policy 2.4 of the TSX-V that has not commenced commercial operations and has no assets other than cash.  Except as specifically contemplated in the CPC policies of the TSX-V, until the completion of a "Qualifying Transaction" (as defined therein), Sleeping Giant will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed "Qualifying Transaction".

Not for distribution to the United States newswire services or for dissemination in the United States. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States unless an exemption from registration is available. This press release does not constitute an offer to sell or the solicitation of any offer to buy these securities in the United States.

Investors are cautioned that trading in the securities of a CPC should be considered highly speculative.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Sleeping Giant Capital Corp.

please contact Terence S. Meek, CEO of Sleeping Giant at 403-813-3244