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Alberton Acquisition Corporation

Room 1001, 10th Floor, Capital Center

151 Gloucester Road, Wanchai, Hongkong

      ☎: (+852) 2117 1621

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          info@albertoncorp.com

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Updated: 17 hours ago

Alberton Acquisition Corporation today issued an alert to a false statement on several social medial platforms regarding an Australian fin-tech company named “Australia Bee Blockchain Foundation” (小蜜蜂), which has erroneously stated that it has consummated a business combination with ALAC. ALAC has no contact or connection whatsoever with the fin-tech company in question and has not authorized such company or any media outlet to make such announcement. ALAC may consider taking further action if such unauthorized statements are not corrected by the party or parties responsible for such false statements.

Updated: 17 hours ago

Alberton Acquisition Corporation today announced that, on January 23, 2020, the Company deposited $1,148,800 into the trust account to extend the time available for the Company to consummate a business combination to April 27, 2020. The extension fund was partially ($780,000) from a loan provided by the sponsor and partially ($368,800) from the contribution of the working capital of the Company.

In connection with the loan provided by the sponsor, the Company issued a promissory note to the sponsor and/or its designee or successor in interest in the principal amount of $780,000, with no interest, payable upon the consummation of a business combination or, at the discretion of the sponsor, convertible into private units of the Company.

Updated: 17 hours ago

Alberton Acquisition Corporation today announced that, the Company held its 2019 annual shareholder meeting on January 21, 2020 and the shareholders approved the re-election of each of the five current directors to serve until the 2020 annual meeting and ratified the appointment of Friedman LLP as the Company's independent auditor for the years ended December 31, 2019 and 2018.

In addition, the Company was notified by the insiders that they intend to wire additional funds to the trust account to extend the time available for the Company to consummate its initial business combination by an additional three months from January 27, 2020 to April 27, 2020.