Carbeeza Inc. Announces Share Purchase by CEO and Promissory Note

Carbeeza Inc. Announces Share Purchase by CEO and Promissory Note

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CALGARY, Alberta, Nov. 28, 2022 (GLOBE NEWSWIRE) — Carbeeza Inc. (the “Corporate” or “Carbeeza“; TSX.V: AUTO) proclaims that it’s been recommended Sandro Torrieri, President and CEO of the Corporate, has bought stocks of Carbeeza Inc. within the public marketplace. The corporate additional proclaims that, in persisted enhance of the Corporate, Mr. Torrieri has loaned $250,000 CAD to the Corporate (the “Mortgage“).

Following the purchase of 102,500 commonplace stocks of Carbeeza, Mr. Torrieri holds an mixture of 10,640,330 commonplace stocks representing 16.65% of the issued and remarkable stocks of the Corporate. Mr. Torrieri received those securities for funding functions and might one day achieve or cast off securities of the Corporate, during the marketplace, privately or differently, as cases or marketplace stipulations warrant.

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Carbeeza issued a promissory word to the Mr. Torrieri with admire to the Mortgage. The most important quantity of the mortgage bears hobby at an annual fee of 12% in keeping with annum and matures November 1, 2024, at which date the most important and hobby are due in complete.

The Mortgage through Mr. Torrieri constitutes a similar celebration transaction, as outlined underneath appropriate securities regulations. The honest marketplace worth of the subject material of the Mortgage is lower than 25% of the Corporate’s marketplace capitalization and the Corporate is depending at the exemption underneath Segment 5.7(f) of Multilateral Software 61-101 – Coverage of Minority Safety Holders In Particular Transactions from the minority shareholder approval necessities.

There used to be no undisclosed subject material knowledge through the Corporate on the date of the Mortgage and the unbiased administrators of the Corporate have licensed the Mortgage from Mr. Torrieri.

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Torrieri commented: “In spite of robust macro-economic headwinds, I’m constructive about the possibility of the Corporate and its long run positioning.”

The Carbeeza platform is available on the net at www.carbeeza.com and the app is to be had for obtain at the Apple App and Google Play retail outlets.

Carbeeza Inc.

Carbeeza is a Canadian-based tool corporate whose platform is concentrated to the car market. It’s the first utility to harness the ability of Synthetic Intelligence to as it should be expect the most efficient financing situation for shoppers, all whilst preserving the shopper nameless. The usage of cutting-edge era, Carbeeza brings the method of shopping for a automobile proper to the telephone, tailored for the shopper. Carbeeza is extremely advisable to each shoppers and auto sellers.

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ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC.

Sandro Torrieri, President and Leader Government Officer

Neither the TSX Mission Alternate nor its Legislation Services and products Supplier accepts duty for the adequacy or accuracy of this unlock.

Positive knowledge set forth on this information unlock incorporates forward-looking statements or knowledge (“forward-looking statements“). By way of their nature, forward-looking statements are matter to a large number of dangers and uncertainties, a few of that are past the Corporate’s keep watch over, together with the have an effect on of common financial stipulations, business stipulations, volatility of commodity costs, foreign money fluctuations, environmental dangers, operational dangers, festival from different business contributors, inventory marketplace volatility, and the power to get right of entry to enough capital from interior and exterior resources. Even supposing the Corporate believes that the expectancies in its forward-looking statements are cheap, its forward-looking statements were in line with components and assumptions regarding long run occasions which might turn out to be misguided. The ones components and assumptions are founded upon recently to be had knowledge. Such statements are matter to identified and unknown dangers, uncertainties and different components that would affect precise effects or occasions and purpose precise effects or occasions to range materially from the ones said, expected or implied within the forward-looking statements. Accordingly, readers are cautioned to not position undue reliance at the forward-looking statements, as no assurance can also be equipped as to long run effects, ranges of job or achievements. Dangers, uncertainties, subject material assumptions and different components that would impact precise effects are mentioned in our public disclosure paperwork to be had at www.sedar.com. Moreover, the forward-looking statements contained on this file are made as of the date of this file and, except for as required through appropriate legislation, the Corporate does now not adopt any legal responsibility to publicly replace or to revise any of the incorporated forward-looking statements, whether or not on account of new knowledge, long run occasions or differently. The forward-looking statements contained on this file are expressly certified through this cautionary observation.

For additional knowledge please touch:

Period in-between Leader Monetary Officer
Joanna Hampton, CPA, CGA
E mail: [email protected]

Investor Family members
E mail: [email protected]
Phone: 1-855-216-8802
Website online: www.carbeeza.com  

Supply: Carbeeza Inc.

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