Armada Mercantile Ltd. (CSE Symbol: ARM. USA Symbol: AAMTF) today announced that Zero Nox, Inc. (“ZeroNox”), an affiliated ownership portfolio company of Armada Mercantile Ltd., will become a publicly listed company through a transaction with The Growth for Good Acquisition Corporation (NASDAQ: GFGD) (“Growth for Good”). Growth for Good is a publicly traded special purpose acquisition company or “SPAC”. Upon closing, ZeroNox’s common stock is expected to trade on the NASDAQ under the ticker symbol “ZNOX”. Armada Mercantile Ltd. currently owns approximately 1,430,000 shares of ZeroNox. The unrealized valuation or “book value” of the 1,430,000 shares upon completion of the transaction will be approximately US$14,300,000 or US$.74 cents per share in Armada Mercantile Ltd.

For more information regarding the transaction, please visit this link to the full news release: BUSINESS WIRE news release

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