Roseville, CA / March 9th, 2023 / YOLOWIRE / Armada Mercantile Ltd. (CSE Symbol: $ARM / USA Symbol: $AAMTF) today announced that Zero Nox, Inc. (“ZeroNox”), an affiliated ownership portfolio company of Armada Mercantile Ltd., will become a publicly listed company through a transaction with The Growth for Good Acquisition Corporation (NASDAQ: $GFGD) (“Growth for Good”). %GrowthforGood is a publicly traded special purpose acquisition company or “SPAC”. Upon closing, ZeroNox’s common stock is expected to trade on the NASDAQ under the ticker symbol “ZNOX”. Armada Mercantile Ltd. currently owns approximately 1,430,000 shares of ZeroNox. The unrealized valuation or “book value” of the 1,430,000 shares upon completion of the transaction will be approximately US$14,300,000 or US$.74 cents per share in Armada Mercantile Ltd.
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“Patrick Cole”
President
Contact Telephone Number: 916-746-0029.
This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this news release. The risks and uncertainties discussed in documents filed by the Company with the British Columbia, Alberta and Ontario Securities Commissions.
