Revitalist Lifestyle and Wellness Ltd. announced a non-brokered private placement of 11,900,000 units at an issue price CAD 0.05 per unit for gross proceeds of CAD 595,000 on February 2, 2023. Each unit comprised of a common share and one common share purchase warrant. Each warrant is exercisable to purchase one common share at an exercise price of CAD 0.05 per warrant share until February 1, 2028.

The unit shares, warrants and warrant shares are subject to a hold period of and may not be traded until June 2, 2023 except as permitted by applicable securities legislation and the rules and policies of the Canadian Securities Exchange. The transaction included participation from insiders of the company.