Corporate Catalyst Acquisition Inc. Announces Receipt of Conditional Listing Approval and Filing of Filing Statement in Respect of Qualifying Transaction

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, May 29, 2018 /CNW/ - Corporate Catalyst Acquisition Inc. ("CCA") (NEX: CII.H), a capital pool company, is pleased to announce that it has received conditional approval from the TSX Venture Exchange (the "Exchange") in respect of its proposed qualifying transaction (the "Transaction") with Globalive Technology Partners Inc., as previously announced in the press releases of CCA dated May 23, 2018, April 4, 2018 and March 14, 2018. The Transaction is intended to constitute CCA's "Qualifying Transaction" pursuant to Policy 2.4 of the Exchange.

In connection with the Transaction, CCA has filed a filing statement dated May 29, 2018 under CCA's SEDAR profile at www.sedar.com (the "Filing Statement"). Additional information in respect of the Transaction can be obtained from the Filing Statement.

Subject to receipt of all approvals, the Transaction is expected to close on or before June 11, 2018.

Additional Information

Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the Filing Statement, any information released or received with respect to 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 Exchange has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release. 

On behalf of the Board of Directors of

CORPORATE CATALYST ACQUISITION INC.

"Paul Kelly"
Chief Executive Officer and Chief Financial Officer

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release contains forward-looking statements relating to the timing and completion of the Transaction, the approval of the Transaction by the Exchange and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the Transaction, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from CCA's expectations include the failure to satisfy the conditions to completion of the Transaction and other risks as set out in the Filing Statement.

The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of CCA. As a result, CCA cannot guarantee that the Transaction will be completed on the terms and within the time disclosed herein or at all. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and CCA will only update or revise publicly the included forward-looking statements as expressly required by Canadian securities law.

SOURCE Corporate Catalyst Acquisition Inc.

Paul Kelly, Chief Executive Officer and Chief Financial Officer, 416-802-6636