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MiniLuxe Holding Proposes Shares For Debt Issuance

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MiniLuxe Holding (MNLX.V) plans to issue around 1.4-million Class A subordinate voting shares to an arm's length third party in settlement of $500,000 owing under a previously signed asset purchase agreement, it said Wednesday.

The shares will be issued at a deemed price of $0.35 each, and the completion of the shares-for-debt settlement is subject to the satisfaction of customary closing conditions, added the company.

The company's shares last traded June 15, closing at C$0.35 on the TSX Venture Exchange.

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