NexLiving Communities Inc. (TSXV:NXLV) will seek acquisitions. The company provide an update on the second tranche of the previously announced non-brokered private placement (the "Private Placement"). The Company has upsized the second tranche from $1,000,000 to $1,200,000 and closed the offering with the issuance of 6,000,000 common shares at a price of $0.20 per share.

Total gross proceeds from the combined first and second tranches of the Private Placement are $4,650,000. Shares issued pursuant to the Private Placement are subject to a four-month hold period. NexLiving intends to direct the proceeds towards debt repayment, general corporate purposes and potential future acquisitions.