VANCOUVER, British Columbia – August 21, 2026 - TheNewswire – Icarus Capital Corp. (TSX-V: ICRS) ("Icarus" or the "Company)

 

Further to the Company’s press release of July 12, 2026, the Company confirms the earlier announced private placement and its terms - the Company intends to complete a non-brokered private placement for gross proceeds of up to $170,000.

 

The financing will consist of up to 3,400,000 units at a price of $0.05 per unit. Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the Company at an exercise price of $0.10 for a period of 24 months from the date of issuance.

Insider Participation

Insiders of the Company are expected to subscribe for an aggregate of up to $10,000 of the Offering. Any such participation by insiders constitutes a “related party transaction” within the meaning of Multilateral Instrument 61‑101 – Protection of Minority Security Holders in Special Transactions (“MI 61‑101”).

This will be exempt from the formal valuation and minority shareholder approval requirements of MI 61‑101 since the fair market value of the securities to be issued to insiders, and the consideration paid by such insiders, will not exceed 25% of the Company’s market capitalization.

The financing is intended to strengthen the Company’s working capital position and support its ongoing operations and strategic initiatives.

About Icarus Capital Corp:

 

Icarus Capital Corp. is a diversified entertainment and media company focused on live entertainment, content production and strategic investments. Through its subsidiaries, the Company owns and operates comedy venues, produces live events and develops media properties across Canada.

 

FURTHER INFORMATION

For further information regarding the above, please contact:

• Eric Lapoiinte, Chief Executive Officer, Icarus Capital Corp. 

• Email: eric@yukyuksmedia.com 

• Telephone: +1-604-600-2490 

ON BEHALF OF THE BOARD OF DIRECTORS

Eric Y. Lapointe
Chief Executive Officer

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to: the terms and conditions of the transactions; the business plans of Icarus; use of funds; and the business and operations of the Issuer. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; delay and failure to receive applicable Board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. These forward-looking statements are made as of the date hereof and Icarus disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWS WIRES