Ms. Meris Kott reports
SHINY HEALTH & WELLNESS CORPORATE UPDATE
Shiny Health & Wellness Corp. has made changes to its previously announced non-brokered private placement and has returned to treasury and cancelled 450,000 units.
On Jan. 4, 2024, the corporation announced the completion of a non-brokered private placement of common shares for aggregate gross proceeds of $225,000. Pursuant to the close of a private placement for Shiny Health & Wellness there was a creation of a new control person of the company equal to 22.51 per cent 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 cancellation of 450,000 units. Each unit consisting of one common share and one share purchase warrant. As a result of the cancellation 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 1.8 million units.
About Shiny Health & Wellness Corp.
Shiny Health & Wellness 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 operates ShinyBud Cannabis Co., a well-established brand of adult-use dispensaries in Ontario strategically located in markets less saturated with cannabis retailers. Shiny Health trades on the TSX Venture Exchange (TSX-V) under the ticker symbol SNYB.
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