RealCap Holdings Announces Passing of David S. Ades; Changes to Its Board of Directors; and Appointment of Officer

TORONTO, Feb. 07, 2025 (GLOBE NEWSWIRE) -- RealCap Holdings Limited (the “Company”) announces that David S. Ades, the Company’s President and a member of the Company’s board of directors, has recently passed away.

To fill the vacancy created by the passing of David S. Ades, Raphael Ades

has been appointed to the board of directors of the Company on February 7, 2025.

In addition, Ralph M. Ades, currently the Executive Vice-President, Secretary-Treasurer and a director of the Company, has been appointed as the President of the Company on February 7, 2025 and will serve as the President, Secretary-Treasurer and a director of the Company.

For further information:

RealCap Holdings Limited
20 Eglinton Avenue West
Suite 1002, P.O. Box 2081
Toronto, Ontario, M4R 1K8
Attention: Ralph M. Ades
T: 416-486-7729
F: 416-486-9708

Forward-Looking Statements
This news release may contain forward-looking statements, which relate to future events or future performance, and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the company. Readers are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. All of the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca. These forward-looking statements are made as of the date hereof and the company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.