Armada Mercantile Ltd. Announces Purchase of 100% of RichGrandDad Financial Ltd.

Armada Mercantile Ltd., (Symbol: CSE: ARM and OTC: AAMTF) today announces that it will purchased an additional forty nine (49%) percent ownership in RichGrandDad Financial Ltd. from a related party and the CEO of the Company. The Company shall issue, to the CEO, 33,793 shares of the Company in exchange for the 49% ownership of RichGrandDad Financial Ltd. The Company will also repay to the CEO an outstanding loan in the amount of CN$435,440.00 held in RichGrandDad Financial Ltd., a subsidiary of the Company, which holds ownership of Ace Foods. The Company signed a Purchase Agreement on January 2, 2025. Upon completion of the transaction, the Company will own one hundred (100%) percent of RichGrandDad Financial Ltd.

About RichGrandDad Financial Ltd.: RichGrandDad Financial Ltd. holds ownership in the business of Ace Foods. Ace Foods is the master/importer distributor of the London Dairy (London Dairy Ice Cream) ice cream brand in the USA. London Dairy (London Dairy Instagram) is a leader in the global ice cream market, selling in more than 35 countries around the world and supported financially by a multi-billion-dollar foods conglomerate. Ace Foods has obtained the approval(s) to import London Dairy ice cream into the USA, including permits and approvals, from the USDA and FDA. Below are links to a London Dairy TV commercial and useful customer reviews.

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• Armada Mercantile Ltd. Announces Purchase of 100% of RichGrandDad Financial Ltd.
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