MiniLuxe Holding Corp. announced a non-brokered private placement of 3,500 units at a price of $1,000 per unit for the gross proceeds of $3,500,000 on November 30, 2023. Each Unit consists of one $1,000 principal amount, 11.5% paid-in-kind simple interest for an unsecured convertible debenture, and such number of Class A subordinate voting share purchase warrants. Each warrant entitles the holder thereof to acquire such number of Class A subordinate voting shares as is equal to 15% of the principal amount of the debentures at a price of $0.52. The company may raise up to $10,000,000 based on needs and fit with prospective investors. Completion of all tranches of the Offering is subject to the satisfaction of customary closing conditions, including the approval of the TSX Venture Exchange. The Debentures and Warrants issued pursuant to the initial closing of the Offering will be subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws.

On the same date, the company issued 2,585 units at a price of $1,000 per unit for the gross proceeds of $2,585,000 in its first tranche closing.