From GlobeNewswire:

MiniLuxe Holding Corp. celebrated the final second closing of its non-brokered convertible debenture unit offering, raising approximately USD$1,250,000 and reaching over USD$3,800,000 in total gross proceeds across both tranches. The Debentures mature in 42 months and carry 11.5% interest. The Offering is subject to the customary closing conditions and TSX Venture Exchange approval. CEOs, Tony Tjan, expressed gratitude for the investment interest, which will be used for strategic initiatives over the next 12-24 months, including fleet expansion through franchising. Certain directors and officers of the Company participated in the Offering, requiring a material change report to be filed. The Company did not file a material change report more than 21 days before the closing date of the second tranche of the Offering as the terms of the second tranche were not settled until the closing. This news release does not constitute an offer to sell or solicitation of an offer to buy the securities described. MiniLuxe is a Delaware corporation based in Boston, Massachusetts, focusing on delivering high-quality nail care and esthetic services and empowers nail care and beauty professionals with professional certification, economic mobility, and company ownership opportunities. Witnesses have been over 3.5 million services since its inception. Forward-looking statements in this press release contain “forward-looking information” concerning the Company and its subsidiaries. If one or more of these risks or uncertainties materialize, actual results, performance, or achievements could differ materially from those expressed or implied by the forward-looking statements contained in this press release.



Read more: MINILUXE ANNOUNCES CLOSING OF SECOND TRANCHE OF CONVERTIBLE