VANCOUVER, BC / ACCESSWIRE / April 10, 2021 / ELSE NUTRITION HOLDINGS INC. As of April 20, 2020, 37,632 common shares of the Company (“Shares”) have been issued to Agora Internet Relations Corp., an independent consultant, to promote the online advertising services A total of $ 67,800 (including applicable taxes) was rendered under a Shares for Services Agreement (the “Agreement”).
The share issues were payable in five equal installments using an assumed price per share corresponding to the closing price of the shares on the TSX Venture Exchange on March 11, 2020, June 11, 2002, September 11, 2020, December 11, 2020 and December 11 March 11, 2021. Accordingly, in settlement of all amounts 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 the Prospectus Exemptions of National Instrument 45-106 and are subject to final acceptance by the TSX Venture Exchange under 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. The revolutionary plant-based formula without soy is an alternative to clean ingredients to the milk-based formula. Else Nutrition (formerly INDI) was awarded the “2017 Best Health and Diet Solutions” prize at the Global Food Innovation Summit in Milan. The holding company Else Nutrition Holdings Inc is a publicly traded company listed on the TSX Venture Exchange under the symbol BABY and listed on the US OTC Markets QX Board under the symbol BABYF and on the Frankfurt Stock Exchange under the symbol 0YL. Else executives include executives from leading infant nutrition companies. Many of the members of the Else Advisory Board have held previous leadership positions at companies such as Mead Johnson, Abbott Nutrition, Plum Organics, and leading infant nutrition companies. Some of them currently serve in various roles in leading medical centers and academic institutes such as Boston Children’s Hospital. Pediatrics at Harvard Medical School, USA, Tel Aviv University, Schneider Children’s Medical Center in Israel, Rambam Medical Center and Technion in Israel and the University Hospital in Brussels, Belgium.
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Further information can be found at: elsenutrition.com or @elsenutrition on Facebook and Instagram.
Contact:
Ms. Hamutal Yitzhak, CEO, Co-Founder and Director of ELSE Nutrition Holdings Inc.
E: hamutaly@elsenutrition.com P: +972 (0) 3-6445095
Mr. Sokhie Puar, Director of Else Nutrition
Email: sokhiep@elsenutrition.com Phone: 604-603-7787
TSX Venture Exchange
Neither the TSX Venture Exchange nor its regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Beware of forward-looking statements
This press release contains statements that may constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are usually identified by words such as “will”, “expect” or similar expressions. Forward-looking statements in this press release include statements regarding the anticipated dates for the filing of the company’s financial documents. These forward-looking statements reflect current estimates, beliefs and assumptions that are based on management’s perception of current conditions and expected future developments, as well as other factors that management considers appropriate under the given circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements in this press release assume, among other things, final acceptance by the TSX Venture Exchange with respect to the stock issue. Actual results could differ from the estimates, beliefs and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which only reflect management’s expectations as of the date of this press release. The company disclaims any obligation to update or revise any forward-looking statements as a result of new information, future events or for any other reason, except as required by law.
SOURCE: Otherwise Nutrition Holdings
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