Business
Else Nutrition Issues Shares for Services
VANCOUVER, BC / ACCESSWIRE / April 10, 2021 / ELSE NUTRITION HOLDINGS INC. (TSXV:BABY)(OTCQ...
About this update from Else Nutrition Holdings Inc
[{"type":"text","content":"Else Nutrition Issues Shares for ServicesVANCOUVER, BC / ACCESSWIRE / April 10, 2021 / ELSE NUTRITION HOLDINGS INC. (TSXV:BABY)(OTCQX:BABYF)(FSE:0YL) (\"Else\" or the \"Company\") wishes to announce that, further to its press release dated April 20, 2020, it has issued 37,632 common shares of the Company (\"Shares\") to Agora Internet Relations Corp., an arm's length consultant, in full satisfaction of online advertising services valued at $67,800 (including applicable taxes), which were rendered pursuant to a shares-for-services agreement (the \"Agreement\").The Share issuances were payable in five equal installments using a deemed price per Share equal to the closing market price of the Shares on the TSX Venture Exchange on March 11, 2020, June 11, 2002, September 11, 2020, December 11, 2020 and March 11, 2021. Accordingly, in settlement of the entire amount owed under the Agreement: (i) 15,950 Shares were issued at $0.80 per Share; (ii) 8,370 Shares were issued at $1.62 per Share; (iii) 5,098 shares were issued at $2.66 per Share; (iv) 3,283 Shares were issued at $4.13 per Share; and (v) 3,930 Shares were issued at $3.45 per Share.All Shares have been issued pursuant to the prospectus exemption contained in section 2.24 of National Instrument 45-106 Prospectus Exemptions and is subject to final acceptance from the TSX Venture Exchange in accordance with Policy 4.3 - Shares for Debt.About Else Nutrition Holdings Inc.Else Nutrition GH Ltd. is an Israel-based food and nutrition company focused on developing innovative, clean and plant-based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, plant-based, non-soy, formula is a clean-ingredient alternative to dairy-based formula. Else Nutrition (formerly INDI) won the \"2017 Best Health and Diet Solutions\" award at the Global Food Innovation Summit in Milan. The holding company, Else Nutrition Holdings Inc, is a publicly traded company, listed as TSX Venture Exchange under the trading symbol BABY and is quoted on the US OTC Markets QX board under the trading symbol BABYF and on the Frankfurt Exchange under the symbol 0YL. Else's Executives includes leaders hailing from leading infant nutrition companies. Many of Else advisory board members had past executive roles in companies such as Mead Johnson, Abbott Nutrition, Plum Organics and leadin...