Wellness Lifestyles Named As One Of TSX Venture 50 For 2018
Vancouver, B.C. – Wellness Lifestyles Inc. (TSX.V: WELL) (the “Company” or “WELL”), a company focused on mergers and acquisitions within the general wellness and primary healthcare sector, is pleased to announce it has today been recognized on the TSX Venture 50 list for 2018.
The Venture 50 are the top ten companies listed on TSX Venture Exchange in each of five major industry sectors – mining, energy & energy services, clean technology & life sciences, diversified industries and technology – based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2017.
“We are very honored to receive this recognition from the TSX Venture Exchange” said Alex Read, CEO of Wellness Lifestyles. “The response to our vision for WELL has been very encouraging and we look forward to continuing our efforts to enhance shareholder value.”
Previously Announced Offering
In connection with the completed brokered private placement previously announced (February 12th 2018), the Company would like to recognize all the members of the syndicate which included PI Financial Corp., Beacon Securities Limited, and Eight Capital.
“We were very pleased to work with Canaccord Genuity Corp. and Gravitas Securities Inc. as co-lead brokers, with the support of PI Financial Corp., Beacon Securities Limited, and Eight Capital in the syndicate,” said Alex Read, CEO of WELL, “Investor enthusiasm for this private placement financing was very strong as we were heavily oversubscribed.”
Advisory Agreement with Gravitas Securities Inc.
In accordance with the previously released (May 15th, 2017) announcement of its Advisory Agreement with Gravitas Securities Inc., the Company intends to issue 133,333 WELL shares at a deemed price of $0.27 per share, (which price is the Discounted Market Price, as such term is defined in the policies of the TSX Venture Exchange), subject to filing with the TSX Venture Exchange. This represents payment for the monthly retainer that is payable quarterly.
All securities issued pursuant to the Advisory Agreement are subject to a hold period expiring on the date that is four months and one day from the issuance of the securities.
About Gravitas Securities Inc.
Gravitas is known for sophisticated sector expertise, tactical individuals with a commitment to excellence, global integration and innovation, and as a leading independent wealth management and capital markets firm. Gravitas provides a wide range of investment mandates and services for retail and corporate clients globally from offices in Toronto and Vancouver and is represented in the United States through its FINRA representative, Gravitas Capital International, in New York.
WELLNESS LIFESTYLES INC.
Per: “Alex Read”__________
Chief Executive OfficerFor further information:
Wellness Lifestyles Inc.
Suite 300 – 322 Water Street
Vancouver, B.C. V6B 1B6
Alex Read, Chief Executive Officer
Phone: (604) 628-7266
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.