MiniLuxe Holding Corp. announced a non-brokered private placement of 475 units at a price of $1,000 per unit for the gross proceeds of $475,000 on April 26, 2024. Each Unit consists of one $1,000 principal amount, 11.5% paid in-kind simple interest for an unsecured convertible debenture of the company, with each debenture maturing 42 months following the issuance date, and such number of Class A subordinate voting share purchase warrants as is equal to 15% of the principal amount of Debentures.

Each Warrant entitles the holder thereof to acquire such number of Class A subordinate voting shares as is equal to 15% of the principal amount of the debentures at a price of $0.52 per share for a period of 42 months from the grant date. The debentures and Warrants issued in the offering are subject to a hold period of four months and one day from the issuance date in accordance with applicable securities laws. Completion of the offering is subject to the satisfaction of customary closing conditions, including the approval of the TSX Venture Exchange.