13:51:54 EDT Thu 16 May 2024
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Health Logic plans to being trading again on NEX

2024-01-17 17:01 ET - News Release

Mr. Harrison Ross reports

HEALTH LOGIC INTERACTIVE ANNOUNCES REINSTATEMENT TO TRADING AND CORPORATE UPDATE

Health Logic Interactive Inc. has made plans to reactivate and begin trading again on the NEX board of the TSX Venture Exchange. The company expects the exchange to issue a bulletin announcing that its shares will be reinstated to trading at that opening of trading on Monday, Jan. 22, 2024, or shortly thereafter. The company also notes that the cease trade order issued by Alberta Securities Commission has been revoked and that the exchange has concluded its reinstatement review.

In connection with the reactivation, the company expects to announce a non-brokered private placement and a shares for debt transaction. The terms of the financing and shares for debt have not been finalized and are subject to approval by the exchange.

The company also confirms that it is currently in non-compliance with respect to the exchange requirement to hold an annual and general meeting of its shareholders (AGM) since it has not held an AGM since December, 2021. In connection with the reactivation, the company will undertake to the exchange to hold an AGM on or before June 30, 2024. The anticipated use of proceeds from the financing mentioned above will be used to organize and complete an AGM, provide for additional adequate operational and working capital costs, to pay down legacy liabilities, and for future listing and transaction costs.

About Health Logic Interactive Inc.

Health Logic Interactive is a public entity on the NEX board of the TSX-V and intends to pursue its search for new assets to develop.

We seek Safe Harbor.

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