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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Relevium Technologies Inc | TSXV:RLV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.02 | 0.015 | 0.015 | 0 | 01:00:00 |
DETAILS OF THE CONDITIONAL APPROVAL OF THE OUTSTANDING NOTES
On December 20, 2018, the company issued Notes to the Holders with a principal amount of $2,352,942, which matured on December 20, 2020, and were subsequently extended until June 1, 2021. As announced on June 10, 2021, the Company began negotiations to settle the outstanding debt and the Company and the Note Holders have agreed to settle the total of $2,798,550, including interest and accrued fees as follows:
The settlement will not create a “Control Person” as defined by Canadian Securities Laws.
The approval by the TSXV for the settlement is conditional to the parties completing or meeting several compliance items to be published by the TSX Venture exchange.
OTHER DISCLOSURE AND COMPLIANCE UPDATES
In addition to the abovementioned approval, the Company would like to provide an update and clarification on two previously closed financings:
On June 2020, the Company closed a financing with gross proceeds totalling $1,944,043.82 by issuing units comprised of 55,544,110 shares and 55,544,110 share purchase warrants with a strike price of $0.05 per share and expiring 24 months after issue with an acceleration clause if shares trade at 0.075 for any 7-day consecutive period. The financing resulted in finders fees of $16,800 in cash, 600,000 in broker shares and issued 730,980 broker warrants expiring 12 months after issue.
On September 2019, Company closed a financing with gross proceeds totalling $223,437.50 by issuing units comprised of 3,437,500 shares and 3,437,500 share purchase warrants with a strike price of $0.12 per share and expiring in 12-months from issue. The financing resulted in finders fees of $17,875 in cash and 343,750 in broker shares.
About Relevium TechnologiesRelevium is a publicly traded Company that operates in the health and wellness industry, including cannabinoids, with a primary focus on online distribution. The principal business of the Company is the identification, evaluation, acquisition and operation of brands and businesses in the health and wellness markets and cannabinoids. The Company pursues its business strategy through an acquisition and partnership model in a holistic approach to encompass a wide range of health and wellness consumer products. Relevium operates in various segments including health, wellness, cannabinoid research and PPE business.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking StatementsThis release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, assumptions or expectations of future performance, including the timing and completion of the proposed acquisitions, are forward-looking statements and contain forward-looking information. Generally, forward- looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including the assumptions that the Company will be able to apply for and ultimately obtain an ACMPR licence, the proposed business of Biocannabix will develop as anticipated, that the Company will raise sufficient funds to develop the Biocannabix business, and that the Company will obtain all requisite regulatory approvals.
These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, the risk that the proposed business developments may not occur as planned; the timing and receipt of requisite approvals and failure to raise sufficient funds.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio UsechePresident and CEO
For more information about this press release:
Tel: +1.888.528.8687
RELEVIUM TECHNOLOGIES INCEmail: investors@releviumcorp.comWebsite: www.releviumtechnologies.comLike us on FacebookFollow us on TwitterFollow us on LinkedIn
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