ECC Ventures 2 Corp. ('ECC2' or the 'Company') (TSXV: ETWO.P) is pleased to announce the terms of the private placement financing (the 'QT Financing') that is being conducted in connection with the Company's proposed Qualifying Transaction to acquire (the 'Acquisition') Infield Minerals Corp. ('Infield'), as announced on December 7, 2020.

Echelon Wealth Partners Inc. (the 'Lead Agent') will act as lead agent and sole bookrunner for the QT Financing on behalf of a syndicate to be named (together with the Lead Agent, the 'Agents').

Pursuant to the terms of the QT Financing, Infield intends to issue and sell a minimum of $3,000,000 and a maximum of up to $5,000,000 of subscription receipts (the 'Subscription Receipts') of Infield at a price of $0.40 per Subscription Receipt. Immediately prior to the completion of the Acquisition, on satisfaction of the Escrow Release Conditions (as defined below), each Subscription Receipt will be automatically exercised, for no further consideration and with no further action on the part of the holder thereof, to acquire one unit (an 'Infield Unit') of Infield. The Infield Units issuable upon exercise of the Subscription Receipts will be exchanged for one common share (a 'Resulting Issuer Share') and one common share purchase warrant (a 'Resulting Issuer Warrant') of the issuer resulting from the Acquisition (the 'Resulting Issuer') in connection with the closing of the Acquisition. Each Resulting Issuer Warrant will be exercisable to acquire one common share of the Resulting Issuer (a 'Resulting Issuer Warrant Share') at a price of $0.60 per share for a period of two years from closing of the Acquisition, subject to adjustment in certain events.

ECC2, Infield and 1276678 B.C. Ltd have entered into an amendment dated effective January 20, 2021 to the previously announced amalgamation agreement dated December 4, 2020 in order to revise the terms of the QT Financing (the 'Amended Amalgamation Agreement'). Infield has granted the Agents an option to increase the size of the QT Financing by up to 15%, exercisable in the discretion of the Agent, in whole or in part, at any time up to 48 hours prior to the closing of the QT Financing.

The Subscription Receipts will be issued pursuant to a subscription receipt agreement to be entered into by Infield, the Lead Agent and a licensed Canadian trust company or other escrow agent, as subscription receipt agent (the 'Subscription Receipt Agreement'). Pursuant to the Subscription Receipt Agreement, the gross proceeds of the QT Financing (less 50 per cent of the Agents' cash commission and all of the Agents' expenses) will be deposited in escrow on closing of the QT Financing pending satisfaction of certain conditions (the 'Escrow Release Conditions'), including, amongst others: (a) the satisfaction or waiver of each of the conditions precedent to the Acquisition; (b) the Resulting Issuer being conditionally approved for listing on the TSX Venture Exchange, and (iii) the receipt of all required shareholder and regulatory approvals in connection with the Acquisition and the QT Financing, including the approval of the TSX Venture Exchange. Upon closing of the QT Financing, the Agents will receive a cash commission equal to 7.0% of the gross proceeds of the QT Financing (to be reduced to 3.5% of the gross proceeds derived from the sale of Subscription Receipts to purchasers identified on Infield's president's list). Upon satisfaction of the Escrow - 2 - Release Conditions, the Agents shall be issued such number of agents' warrants as is equal to 7.0% of the number of Subscription Receipts sold pursuant to the QT Financing (to be reduced to 3.5% of the number of Subscription Receipts sold to purchasers identified on Infield's president's list), each such agents' warrant to be exchanged for one agents' warrant of the Resulting Issuer (a 'Resulting Issuer Agents' Warrant') upon closing of the Acquisition. Each Resulting Issuer Agents' Warrant will be exercisable to acquire one Resulting Issuer Share at an exercise price of $0.40 per share for a period of 24 months from closing of the Acquisition, subject to adjustment in certain events.

Contact:

Tel: 778-331-8505

Email: sackerman@emprisecapital.com

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