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toronto / The News Wire: March 26, 2024 – Shiny Health & Wellness Corp. ( “company”) (TSXV: SNYB)announce it according to In our previous press release, we settled an aggregate amount of $156,850 in outstanding debt for services and expenses provided to us (the “Debt Settlement”). The Indebtedness was settled with 1,168,500 units (the “Units”) issued at $0.10 per Unit. Each unit consists of one share of common stock, one stock purchase warrant exercisable for two years at $0.35, and an additional 400,000 shares of common stock issued to insiders of the Company. Insider participation in debt settlements is approximately 25% of the aggregate amount and is considered a related party transaction within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101”). The Company relied on the exemption from the valuation and minority shareholder approval requirements of MI 61-101 contained in Sections 5.5(b) and 5.7(1)(b) of MI 61-101 with respect to insider participation. This transaction is undertaken by our company to save working capital.
Securities issued pursuant to the Debt Settlement were subject to a four-month hold period from the date of issuance.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of releases.
About Shiny Health & Wellness:
Shiny Health & Wellness Corp. is on a mission to help people never settle and live fulfilling lives by being a trusted source for health and wellness solutions and services. We operate ShinyBud Cannabis Co., an established brand of adult-use dispensary in Ontario that is strategically located in a market that is less saturated with cannabis retailers. Shiny Health trades on the TSX Venture Exchange (TSXV) under the ticker symbol SNYB. Learn more about.
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contact address Merris Cott, CEO |
PR for investors Phone: (888) 833-1260 | E: ir@snybcorp.com |
