Jo-Jo cancels QT with Placements Appalache; CEO resigns

Executive Summary

• Jo-Jo Capital Canada Ltd. has announced the termination of its proposed qualifying transaction with Placements Appalache Ltee., effective January 7, 2026.
• Peter Schloo has resigned from all executive and director roles (CEO, CFO, and Director) to pursue other interests.
• The company will continue its search for a qualifying transaction in accordance with TSX Venture Exchange policies, while trading remains halted pending resumption review.

Key Details

• Termination of Qualifying Transaction: The company provided notice to Placements Appalache Ltee. regarding the termination of the proposed qualifying transaction originally announced on April 30, 2025. The termination is effective January 7, 2026.
• Executive Resignations: Peter Schloo resigned as Chief Executive Officer, Chief Financial Officer, and Director.
• Succession Plan: The Board of Directors is currently undertaking a search and appointment process for a new CEO and CFO. Updates will be provided as necessary in accordance with applicable securities laws.
• Trading Status: Trading in the common shares of Jo-Jo Capital Canada Ltd. remains halted. Trading will resume only after the TSX Venture Exchange completes its resumption review, if applicable.
• Future Strategy: The company intends to continue seeking a qualifying transaction in compliance with TSX Venture Exchange capital pool company policies.

Notable Quotes

• "The board of directors will be undertaking a search/appointment of both a new chief executive officer and chief financial officer, and will provide updates if and when necessary in accordance with applicable securities laws."