TORONTO, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Jo-Jo Capital Canada Ltd. (the 'Company') (TSXV: JOJO.P) a capital pool company pursuant to Policy 2.4 of the TSX Venture Exchange (the 'TSX-V”), announces its letter of intent for a proposed transaction with 9302204 Canada Inc. (o/a Cheelcare), as announced on January 24, 2024, has been terminated.

The Company will continue to seek a qualifying transaction in accordance with the policies of the TSX-V and will provide further updates in due course. Trading in the common shares of the Company was halted as of January 24, 2024, in connection with the execution of a letter of intent with Cheelcare. The Company will seek to resume trading as soon as possible.