Credo Resources Inc. Announces the Mutual Termination of a Definitive Agreement for a Proposed Reverse Takeover Transaction

Toronto, Ontario--(Newsfile Corp. - May 5, 2022) - Dominique Monardo, CEO of Credo Resources Inc. ("Credo") announced today that its previously announced definitive agreement with Beatrice Society Holdings Inc. ("Beatrice") to complete a business combination transaction that would have resulted in the reverse take-over of Credo by Beatrice has been mutually terminated by the parties. Beatrice found itself unable to raise the required capital due to the current business climate.

The Company is continuing to evaluate and review alternative business combination opportunities.

For further information please contact:

Credo Resources Inc.

Dominique Monardo, CEO

Email: [email protected]

The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the companies' expectations and projections.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122919

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