On January 22, 2024, MiniLuxe Holding Corp. closed the transaction. The company has issued 1,250 units at a price of $1,000 per unit for the gross proceeds of $1,250,000 in its second and final tranche closing. The company has now issued total 3,835,000 units for the gross proceeds of $3,835,000 in the transaction. 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 per share for a period of 42 months from the grant date. Certain directors and officers of the company participated in the Offering. The debentures are convertible into 7,375,000 subordinate voting shares at a conversion price of $0.52 per share of principal amount outstanding until maturity.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 17 placees and 4 existing insiders for $235,000.