Fax Capital Corp. Announces Receipt of Final Court Approval by Ontario Superior Court Of Justice for Going Private Transaction

FAX Capital Corp. to announce that the Ontario Superior Court of Justice (Commercial List) has issued a final order approving the previously announced plan of arrangement (the "Arrangement") involving, among other things, the acquisition, indirectly through an acquisition company, by Fax Investments Inc. ("Fax Investments") of all of the issued and outstanding subordinate voting shares of the Company ("Subordinate Voting Shares") not already owned by Fax Investments or Blair Driscoll at a price of $5.18 per Subordinate Voting Share. The Arrangement was approved by shareholders at the annual general and special meeting of the Company's shareholders held on June 24, 2022.

The Arrangement is expected to be completed on or about July 4, 2022, subject to the satisfaction or waiver of customary closing conditions. Further information regarding the Arrangement is provided in the Company's management information circular dated May 25, 2022.