TORONTO: January 16th 2023 – Shiny Health & Wellness Corp. (the “Company”) (TSXV: SNYB) announces changes to its previously announced non-brokered private placement and the return to treasury and cancellation of 450,000 Units. .
On January 4th 2024, the Corporation announced the completion of a non-brokered private placement of Common Shares for aggregate gross proceeds of $225,000 (the “Private Placement”). Pursuant to the close of a Private Placement for Shiny Health & Wellness Corp. there was a creation of a new Control Person of the Company equal to 22.51% on a non-diluted basis of the issued and outstanding voting shares of the Company.
The Company is in the process of returning a total of $45,000 to the shareholder through the cancelation of 450,000 Units. Each Unit consisting of one common share and one share purchase warrant. As a result of the cancelation of the Units the current shareholder will no longer be considered a Control Person.
After the return to treasury and the refunding of the cash the Company confirms that it will have closed on a total aggregate $180,000 through the issuance of 1,800,000 Units.