Prospect Park Announces Private Placement Closing

VANCOUVER, British Columbia, June 17, 2025 (GLOBE NEWSWIRE) -- Prospect Park Capital Corp. (the "Company") is pleased to announce the closing of a non-brokered private placement (the "Offering") of common shares (each, a "Common Share") for gross proceeds of $165,000 through the issuance of 165,000,000 Common Shares at a price of $0.001 per share. The Company intends to use the net proceeds of the Offering for operational, general and administrative purposes. The Common Shares issued pursuant to the Offering are subject to a four-month hold in accordance with applicable Canadian securities law.

Three of the four directors of the Company participated in the Offering accordingly such transactions are each a "related ‎party transaction" as ‎defined under Multilateral Instrument 61-101 ‎‎("MI 61-‎‎101"). The transactions were exempt from the formal ‎valuation ‎requirements of MI 61-101 since none ‎of the securities of the Company are listed on a stock ‎exchange specified in ‎section 5.5(b) ...