Revitalist Announces Close of Private Placement Totaling $3,944,000
Revitalist Lifestyle and Wellness Ltd. has successfully closed the second tranche of its private placement offering, raising a total of $3,944,000. This brings the total funds raised since inception to over $15.2 million, enabling the company to enhance operations and improve mental health services nationwide. Each of the 3,944 convertible note units issued includes $1,000 in principal amount and 3,500 detachable common share purchase warrants. The net proceeds will be allocated for working capital purposes.
- Total gross proceeds from the offering amount to $3,944,000.
- Funds raised since company formation exceed $15.2 million.
- Strengthened ability to scale operations and improve mental health services.
- None.
Revitalist CEO,
Pursuant to the Offering, the Company has issued 3,944 convertible note units (the “Units”) at a subscription price of
The net proceeds of the Private Placement are expected to be used by the Company for working capital purposes
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On Behalf of the Board
Chief Executive Officer
Forward Looking Statements
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Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
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For further information please contact:
Email: IR@revitalist.com
Tel: (865) 585-8414
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