LiveWell Closes Non-brokered Private Placement

Published: November 22, 2018

LiveWell Closes Non-brokered Private Placement

LiveWell Canada Inc., announces it has closed a non-brokered private placement of 1,937,500 units at a price of CAD 0.80 per Unit for total gross proceeds of CAD 1,550,000.

Each Unit will consist of one common share of LiveWell and one common share purchase warrant of LiveWell (a “Warrant”). Each Warrant shall be exercisable into one Common Share at a price of $1.00 per Warrant for a period of 24 months from the date of closing. After March 20, 2019, if the volume weighted average price of the Common Shares on the TSX Venture Exchange is equal to or greater than $1.50 for 10 consecutive trading days, LiveWell may accelerate the expiry date of the Warrants to the date that is 30 days following the date of such written notice.

LiveWell intends to use the net proceeds of the Offering for working capital purposes. All securities issued will be subject to a four-month hold period. A total of $10,500 in finder fees is payable under this Offering.