TORONTO, Aug. 22,
2023 /CNW/ - Shiny Health & Wellness Corp.
("Shiny Health" or the "Company") (TSXV: SNYB), The TSX
Venture Exchange (the "Exchange"has approved an extension to
close the non-brokered private placement (the "Private
Placement"), announced on July
21, and August 1, 2023, of up
to 2,857,143 units of the Company ("Units") at a price of
$0.35 per Unit for gross proceeds of
up to $1,000,000 (the
"Offering") to September 20,
2023.
The Units will consist of one common share and one full common
share purchase warrant ("Warrant") exercisable into common
shares (each a "Warrant Share") for a period of 24 months
from the closing date at a price of $0.60 per Warrant.
The common shares and the Warrant Shares will be subject to a
four month and one day hold period from the date of issuance of the
Units in accordance with applicable securities laws and the
policies of the Exchange. The Private Placement is expected to
close on or around September 20, 2023
or such earlier date as may be determined by the directors of the
Company.
The closing of the Private Placement is subject to regulatory
approval including but not limited to, the approval of the
Exchange.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities
Act") or any state securities laws and may not be offered or
sold within the United States or
to U.S. persons unless registered under the U.S. Securities Act and
applicable state securities laws or an exemption from such
registration is available.
Neither the 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 the release.
About Shiny Health &
Wellness
Shiny Health & Wellness Corp. is on a mission to help people
never settle, live fully by being a trusted source for health and
wellness solutions and services. The Company recently broadened its
retail growth strategy beyond adult-use cannabis by establishing
mīhī Health & Wellness, a new line of business focused on
building a network of community pharmacies, with its first pharmacy
in Cornwall, Ontario. Striving to
provide a more diverse and accessible cannabis experience for adult
consumers, the Company also operates ShinyBud Cannabis Co., a
well-established brand in Ontario
strategically located in markets less saturated with cannabis
retailers. The Company's board of directors and management team
hold extensive retail operating experience, a key competitive
differentiator in leading its growth strategy.
Shiny Health trades on the TSX Venture Exchange (TSXV) under the
ticker symbol SNYB. For more information, please visit
www.shinyhealthandwellness.com
SOURCE Shiny Health & Wellness Corp.