Ignite International Brands Announces Closing of Business Combination With Ignite International, Ltd. and Conditional Approval From the CSE

Ignite International Brands, Ltd. (“Ignite“) is pleased to announce that it has completed the previously announced business combination (the “Business Combination“) between Ignite and Ignite International, Ltd. (“Ignite US” and the combined entity, following completion of the Business Combination, is referred to as “we“, the “Company” or the “Resulting Issuer“) by way of a plan of arrangement (the “Plan of Arrangement“) under the Business Corporations Act (British Columbia).

Following closing of the Business Combination (“Closing“), the Resulting Issuer will continue under the name “Ignite International Brands, Ltd.” with the subordinate voting shares of the Resulting Issuer (the “Subordinate Voting Shares“) listed for trading on the Canadian Securities Exchange (the “CSE“) under the ticker symbol “BILZ”.

Jim McCormick, President of the Company, stated, “We are pleased that shareholders have supported our corporate reorganization and share our vision of developing Ignite into a global premium consumer brand. Now that we have accomplished this important step in the process we can move forward with the realization of that vision, including our recently announced initiatives in the US and UK.”

SOURCE Ignite International Brands, Ltd.