Reliq Health Tech looks to raise up to $4-mil­lion

Reliq Health Tech­nolo­gies Inc. plans to sell up to 10 mil­lion units at 40 cents each for pro­ceeds of $4-mil­lion. Part of the money will go to prod­uct devel­op­ment. Co-book run­ners in the of­fer­ing are Canac­cord Ge­nu­ity and Grav­i­tas Se­cu­ri­ties.

Stockwatch Daily - - FRONT PAGE - Dr. Lisa Cross­ley re­ports

RELIQ HEALTH Tech­nolo­gies Inc. has en­tered into an en­gage­ment agree­ment with Canac­cord Ge­nu­ity Corp. and Grav­i­tas Se­cu­ri­ties Inc. to act as co-lead agents on a com­mer­cially rea­son­able ef­forts ba­sis in re­spect to a bro­kered pri­vate place­ment of­fer­ing of up to 10 mil­lion units at a price of 40 cents per unit for gross pro­ceeds of up to $4-mil­lion, sub­ject to com­ple­tion of sat­is­fac­tory due dili­gence. Each unit will con­sist of one com­mon share in the cap­i­tal of the com­pany and one-half trans­fer­able com­mon share pur­chase war­rant, with each war­rant ex­er­cis­able into one ad­di­tional share at a price of 60 cents for a pe­riod of two years from the date of clos­ing. The com­pany in­tends to use the net pro­ceeds of the of­fer­ing for gen­eral work­ing cap­i­tal, prod­uct devel­op­ment and cus­tomer ac­qui­si­tion.

“We are de­lighted to have two of Canada’s lead­ing in­de­pen­dent bro­ker­age firms sup­port the com­pany,” said Dr. Lisa Cross­ley, chief ex­ec­u­tive of­fi­cer of Reliq. The com­pany may pay fees and com­mis­sions on the of­fer­ing within the amount per­mit­ted by the poli­cies of the TSX Ven­ture Ex­change. Clos­ing of the of­fer­ing is sub­ject to a num­ber of con­di­tions, in­clud­ing re­ceipt of all nec­es­sary cor­po­rate and reg­u­la­tory ap­provals, in­clud­ing the ex­change. All se­cu­ri­ties is­sued in con­nec­tion with the of­fer­ing will be sub­ject to a statu­tory hold pe­riod of four months plus a day from the date of is­suance in ac­cor­dance with ap­pli­ca­ble se­cu­ri­ties leg­is­la­tion.

For fur­ther in­for­ma­tion con­tact:

Core Cap­i­tal Part­ners at 604-566-9233 or in­vestors@cc­part­nersinc.com.

We seek Safe Har­bor.

Eu­gene Beuk­man, Lisa Cross­ley, Aman Thin­dal

(RHT) Shares: 84,072,638

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