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Health Logic plans to being trading again on NEX

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

Subject: Press Release PDF Document File: Attachment 2024-01-17 Health Logic NR - Reactivation to Trading on NEX (003).pdf HEALTH LOGIC INTERACTIVE ANNOUNCES REINSTATEMENT TO TRADING AND CORPORATE UPDATE CALGARY, AB, January 17, 2024 - Health Logic Interactive Inc. ("Health Logic" or the "Company") (TSXV: CHIP.H) (OTCPK: CHYPF), a Company in the search of licensing and acquisition opportunities, reports that the Company has made plans to reactive 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 January 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 The Company also notes that the Cease Trade Order issued by Alberta Securities Commission has been revoked and that the Exchange has concluded its reinstatement review.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. Further information regarding Health Logic Interactive Inc. and its disclosure documents are available on SEDAR at www.sedar.com. Disclaimer and Cautionary Notes Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, are forward-looking statements including statements related to the Company's expectation to complete a non-brokered private placement and shares for debt transaction as well as the Company's intention to search for new assets to develop. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. For example, there is no guarantee that the Company will be able to complete the expected private placement and shares for debt transaction, or that adequate funds will be raised to pursue the Company's objectives. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law. SOURCE Health Logic Interactive Inc. Harrison Ross, CEO, (1-778)-870-5051, harrison@healthlogicinteractive.com 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 this news release.

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