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MINILUXE ANNOUNCES CLOSING OF CONVERTIBLE NOTE BRINGING TOTAL RECENT FUNDINGS TO OVER US$6 MILLION

Provided By GlobeNewswire

Last update: Apr 26, 2024

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Boston, MA, April 26, 2024 (GLOBE NEWSWIRE) -- MiniLuxe Holding Corp. (TSXV: MNLX) ("MiniLuxe" or the "Company") is pleased to announce that it has completed a "top up" closing of a non-brokered convertible debenture unit offering, yielding gross proceeds of approximately US$500,000 (the "Offering"). The Offering mirrors the terms of the Company's previously completed debenture financing tranches which were announced on November 30, 2023 and January 22, 2024, collectively raising over US$4.25 million. This recent top up Offering was initiated in order to welcome additional subscriptions from friends and family of existing investors from those prior rounds. In conjunction with the Offering and the previously concluded financings, including a US$2 million follow-on financing from Flow Capital Corp. announced on April 9, 2024, MiniLuxe has received an additional capital influx of over US$6.25 million over the last six months.

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