LIFEIST WELLNESS INC. ("LFST")
BULLETIN TYPE: Property-Asset or Share Disposition Agreement
BULLETIN DATE: June 23, 2022
TSX Venture Tier 1 Company
TSX Venture Exchange (the "Exchange") has accepted for filing documentation pertaining to a Share Purchase Agreement (the "Agreement") dated May 26, 2022 between the Company, as vendor, and two arm's length parties - Maropost Inc., and Maropost AB, as purchaser, a wholly owned Swedish subsidiary of Maropost Inc. (collectively the "Purchaser"). Pursuant to the Agreement, the Purchaser has acquired all of the issued and outstanding shares of Findify AB, a wholly owned Swedish subsidiary of the Company for total consideration of US$4,450,000 in cash, subject to adjustment as set out in the Agreement.
Paradigm Capital acted as exclusive financial advisor to the Company receiving advisory fees in respect thereof and in addition received CDN$350,000 by way of a success fee. In addition, Lifeist has issued 664,121 common shares to Paradigm Capital as compensation for its work fee in the amount of CDN$40,000, based on a per share price of approximately $0.06 per share.
For further details, please refer to the Company's news release dated May 26, 2022
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