MiniLuxe Holding Corp. plans to issue 345,000 shares to settle debts with Cue Ball Capital, LLC at a price of CAD$0.40 per share. The transaction is valued at approximately USD$100,000 and is subject to TSX Venture Exchange approval. The insider participation makes it a “related party transaction” under MI 61-101, with exemptions from valuation and minority approval requirements. The securities issued will be subject to a four-month hold period. MiniLuxe is a Boston-based lifestyle brand providing nail care and esthetic services, aiming to empower beauty professionals and transform the self-care industry with cleaner products and modern practices.

Read more at GlobeNewswire: MINILUXE ANNOUNCES PROPOSED SHARES FOR DEBT SETTLEMENT