07:32:49 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Arev Nanotec Brands Inc
Symbol AREV
Shares Issued 16,957,807
Close 2021-01-06 C$ 0.315
Market Cap C$ 5,341,709
Recent Sedar Documents

Arev hires QNR Associates for consultancy services

2021-01-06 16:29 ET - News Release

Mr. Mike Withrow reports

AREV NANOTEC ENGAGES QNR ASSOCIATES TO ADVISE ON FILING HEALTH CANADA PRODUCT APPLICATIONS AND CLOSES PRIVATE PLACEMENT

Arev Nanotec Brands Inc. has retained the services of QNR Associates to consult on regulatory matters, including filing natural product licence registrations with Health Canada for the company's proprietary product formulations and a dealer licence.

Further, the company has closed the one-million-unit, non-brokered private placement to raise a total of $100,000 with one strategic investor. Each unit is priced at 10 cents and comprises one common share of the company and one common share purchase warrant, with each warrant exercisable at 15 cents. Subject to adjustment in certain events, each whole warrant entitles the holder thereof to purchase one additional common share of the company at any time before 5 p.m. PT on the date that is 12 months from the date of issuance of the warrants.

The funds will be used for general working capital.

The company is also pleased to announce it has retained Winning Media LLC of Houston, Tex., to provide strategic digital media services, marketing services and data analytics services in the United States. Winning will be paid a fee of $100,000 (U.S.) for a one-month contract. Neither Winning nor any representatives of Winning own any securities of Arev, directly or indirectly, or have any intention to acquire any securities of Arev.

Mike Withrow, chief executive officer and a director of Arev, reports that Chiron Capital Inc., a company that Mr. Withrow controls, has acquired ownership, control and direction over one million common shares of Arev Nanotec Brands. The shares were acquired pursuant to the exercise of warrants. As a result of the acquisition of the shares, Mr. Withrow controls, and Chiron owns, 11,003,000 shares, representing approximately 52 per cent of the issued and outstanding shares. Chiron has acquired the securities for investment purposes and may acquire or dispose of securities of the company in the future through the market, privately or otherwise, as circumstances or market conditions warrant. Mr. Withrow and Chiron are accredited investors, as defined in National Instrument 45-106.

About Arev Nanotec Brands Inc.

Arev Nanotec Brands produces and sells functional ingredients produced via its proprietary extraction systems. These premium ingredients and products are targeted for the natural health, medical, functional food, nutraceutical and sport nutrition markets. Arev's model is to toll process the extraction of targeted essential and functional oils and license its formulations to licensed producers in Canada. The company utilizes toll processors in foreign countries to encapsulate and package its formulations that can be sold in traditional distribution channels and on-line.

We seek Safe Harbor.

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