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TORONTO, June 17, 2022 /CNW/ – Cross Border Capital I Inc. (TSXV: CBX.P) (“CBX“or the”Company“) and Message Notify Ltd. d/b/a SuperBuzz (“SuperBuzz“) are pleased to announce that (i) CBX has filed a final non-offer prospectus dated June 16, 2022 (there “Prospectus“) with the securities authorities of Ontario, alberta, British Columbia and with respect to the Qualifying Transaction between CBX and SuperBuzz (the “Transaction“); and (ii) CBX has received conditional acceptance from the TSX Venture Exchange (the “TSXV“) for the transaction. As a result of the foregoing, CBX and SuperBuzz have satisfied all escrow release conditions in connection with SuperBuzz’s previously announced private placement of subscription receipts (the “subscription receipt Funding“), and the gross product of $2,197896 were released from escrow and the subscription receipts were exchanged for a total of 5,494,740 SuperBuzz common shares and 5,494,740 SuperBuzz common share purchase warrants. The net proceeds of the Subscription Receipt Financing will be used for the purposes described in the Prospectus.

The Exchange has conditionally accepted the Transaction subject to the Company fulfilling all requirements of the Exchange no later than September 9, 2022. There is no guarantee that the Company will be able to meet the Exchange’s requirements so that the Exchange will issue the final Exchange Bulletin. See the section entitled “The Proposed Qualifying Transaction – Conditions for Effectiveness of the Proposed Qualifying Transaction” of the Prospectus for further details. The parties will provide a further update regarding the expected closing date of the transaction and the listing date. Additional information regarding the Transaction, CBX and SuperBuzz is provided in the Prospectus, which is available under CBX’s SEDAR profile at www.sedar.com.

About SuperBuzz

SuperBuzz offers solutions that provide a real-time marketing automation platform that increases customer engagement through dynamic push notification campaigns that deliver relevant, personalized messages in micro-moments across mobile platforms and office. SuperBuzz’s value proposition comes in the form of its AI-powered bidding algorithm and fraud detection that ensures push delivery at the right time and in the right context needed to ensure maximum user retention. The system facilitates user segmentation and the creation of push notification tests while tracking real-time notifications and displaying the actual quality of traffic, including any fraudulent activity. SuperBuzz is a private company incorporated under the laws of state of israel on January 10, 2018.

About Cross Border Capital I Inc.

The Company is a CPC. It has not commenced business operations and has no assets other than a minimum amount of cash. Except in the cases specifically provided for in the policies of the Bourse, until the completion of the qualifying transaction, the Company will not engage in any activity other than the identification and evaluation of assets or businesses with a view to complete a proposed qualifying transaction.

Further information

All information in this press release regarding CBX and SuperBuzz has been provided by the parties respectively, for inclusion herein, and each party and its directors and officers have relied upon the other party for any information regarding the other. part.

Completion of the transaction is subject to a number of conditions, including, but not limited to, acceptance by TSXV and, if applicable, in accordance with TSXV requirements, majority approval minority shareholders. If applicable, the Transaction cannot be completed until the required shareholder approval has been obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, unless otherwise stated in the Prospectus, any information published or received regarding the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSX Venture Exchange Inc. has in no way passed on the merits of the proposed transaction and has neither approved nor disapproved of the contents of this press release.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS ITS TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

CAUTION REGARDING FORWARD-LOOKING INFORMATION:

This press release contains certain “forward-looking statements” under applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding the completion of the transaction and listing. Forward-looking statements are necessarily based on a number of estimates and assumptions which, while believed to be reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results to differ. and future events differ materially from those expressed or implied. by such forward-looking statements. These factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay or failure to receive 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. Accordingly, readers should not place undue reliance on forward-looking statements. CBX disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Cross Border Capital I Inc.

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