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NexLiving Announces Closing of Second Tranche of Private Placement
NexLiving Announces Closing of Second Tranche of Private Placement Canada NewsW...
About this update from Nexliving Communities Inc
[{"type":"text","content":"\n \n \n \n NexLiving Announces Closing of Second Tranche of Private Placement\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n HALIFAX, NS\n \n ,\n \n Jan. 7, 2022\n \n /CNW/ - (TSXV: NXLV) NexLiving Communities Inc. (\"NexLiving\" or the \"Company\") is pleased to 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\n \n $1,000,000\n \n to\n \n $1,200,000\n \n and closed the offering with the issuance of 6,000,000 common shares at a price of\n \n $0.20\n \n per share. Total gross proceeds from the combined first and second tranches of the Private Placement are\n \n $4,650,000\n \n . Shares issued pursuant to the Private Placement are subject to a four-month hold period.\n \n \n \n \n \n \n \n \n \n NexLiving intends to direct the proceeds towards debt repayment, general corporate purposes and potential future acquisitions. In connection with the second tranche of the Private Placement, the Company has paid a finder's fee of\n \n $10,000\n \n .\n \n \n For more information about NexLiving, please refer to our website at\n \n www.nexliving.ca\n \n and our public disclosure at\n \n www.sedar.com\n \n .\n \n \n \n About the Company\n \n \n NexLiving continues to execute its plans to acquire recently built or refurbished, highly leased multi-residential properties in bedroom communities across\n \n Canada\n \n . The Company aims to satisfy the needs of the newly emerging 55+ resident. The demographic that has changed the world is now changing the way residential rental apartments cater to their requirements. Their desire for community, along with service, quality and convenience has led to the emergence of the 55+ active living segment. Apartments are their next \"home\", after years of owning they look forward to the carefree lifestyle provided through renting in a community of their peers. NexLiving intends to consolidate this emerging market niche. The Company currently owns 705 units in\n \n New ...