Newtopia Delivers Successful Address at AHIP 2022 Regarding the Impact of Behavioral Genetics on Sustainable Habit Change
Following more than two years of a global pandemic, the health plan industry has increasingly recognized the need for and value of focusing on reducing the overall burden of chronic health conditions, and interest from AHIP attendees in
The Company is further pleased to announce that it has closed the non-brokered portion of its previously announced private placement of units of the Company (the "Units") at a price of
All securities issued in connection with the Non-Brokered Offering are subject to a hold period which will expire on
The securities referred to in this news release have not been, nor will they be, registered under
The participation of certain directors of the Company in the Non-Brokered Offering are "related party transactions" as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction is exempt from the formal valuation requirements of MI 61-101 as none of the securities of the Company are listed on a prescribed stock exchange. The transaction is exempt from the minority shareholder approval requirements of MI 61-101 as, at the time the transaction was agreed to, neither the fair market value of, nor the fair market value of the consideration for, the transaction, insofar as it involves interested parties, exceeded 25% of the Company's market capitalization.
This news release contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, and forward looking statements, within the meaning of applicable
For more information on these risks please see the "Risk Factors" in
Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
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