Revitalist Lifestyle and Wellness Ltd. announced a non-brokered private placement of 6000 units at a price of CAD 1,000 per unit for gross proceeds of CAD 6,000,000 on April 6, 2022. Each unit consists of a CAD 1,000 principal amount unsecured convertible debenture and 3500 common share purchase warrants. The debentures will mature on April 6, 2025, and shall bear interest at a simple rate of 8% per annum.

The principal amount of the debentures may be converted at the election of the holder thereof into common shares in the capital of the company at a conversion price of CAD 0.15 per common share at any time prior to the maturity date. Each warrant entitles the holder thereof to acquire one common share of the corporation at a price of CAD 0.20 per common share at any time prior to on April 6, 2024. The securities are being subject to four months hold period ending April 6, 2024.