MONTREAL, Nov. 4, 2020 /CNW Telbec/ - Mondias Natural
Products Inc. (TSXV: NHP) (the "Company" or "Mondias ")
is pleased to announce that the Company will change its corporate
name to Lumiera Health Inc. / Lumiera Santé
Inc. effective as of November 5,
2020, following the acquisition of Lumiera Health Innovation
Inc. on October 27, 2020 (the
"Lumiera Acquisition", announced here),
The common shares of the Company will continue trading on the
TSX Venture Exchange ("TSXV") under the same ticker symbol "NHP".
The Company's new CUSIP number will be 550254106 and the new ISIN
will be CA5502541066 effective on November
6th, 2020 at the opening of the market. There are
no other changes to the Company's share structure.
Lumiera Acquisition
The corporate name change of the Company is an integral part of
the Lumiera Acquisition and is intended to reflect the new identity
of the corporation.
The Company has received TSXV approval for the Lumiera
Acquisition and the present corporate name change in separate
bulletins issued November
2nd and 3rd, 2020.
Concurrent Financing
The Company also wishes to announce that as part of the private
placement which closed on October 27,
2020 (see details here) (the "Private Placement"), Mr.
Mario Paradis, the chief financial
officer and a director of the Company, Mrs. Marie Bélanger, a
director of the Company, and Mr. Kevin
Cole, a director of the Company, each acquired Units in the
Private Placement, and that such transactions are considered to be
"related party transactions" as defined under Multilateral
Instrument 61-101 - Protection of Minority Security Holders
in Special Transactions ("MI 61-101"). Mr. Robert Brouillette, a shareholder holding more
than 10% of the voting rights attached to Company's outstanding
Common shares though his holding company, Fiducie La Maison Bleue,
also acquired Units in the Private Placement. The Company has
confirmed that all of these transactions are exempt from the formal
valuation and minority shareholder approval requirements of MI
61-101 as neither the fair market value of any securities issued to
such related parties nor the consideration paid exceeded 25% of the
Company's market capitalization.
Pursuant to the Private Placement, each Unit was issued at a
price of $0.065 per Unit, with each
Unit being comprised of one (1) Common share of the Company and one
(1) Common share purchase warrant (each a "Warrant"). Each
Warrant is exercisable to acquire one (1) addition Common share of
the Company, at a price of $0.10 per
share, for a period of thirty-six (36) months following
closing.
All securities issued pursuant to the Private Placement are
subject to a hold period of four months and one day from their date
of issuance and as such are restricted from trading until
February 28, 2021.
About Mondias Natural Products Inc./ Lumiera Health
Inc.
Mondias specializes in the commercialization and development of
evidence-based botanical products for the healthcare and
bio-agriculture. The Company sells both oral and topical botanical
agents to help manage unmet medical needs through its Holizen
Laboratories division. Mondias is also developing botanical-based
specialty fertilizers for use on household plants, lawns and golf
courses and in urban gardens, nurseries and greenhouses, in
collaboration with McGill's Faculty of Agricultural and
Environmental Sciences.
About Lumiera Health Innovation
Inc.
Lumiera is a Canadian-based natural health product company,
aiming to help improve people's lives by delivering innovative
health products inspired by nature. The company is developing and
commercializing a unique portfolio of products acting on the
endocannabinoid system and providing innovative solutions for
chronic pain and inflammation. As a pioneer in the health and
pain management innovation space, the Lumiera brand is rooted in
the core brand values of science, nature and compassion.
Passionate about making people feel better, we deliver trustworthy
and scientifically proven solutions that work with the body's own
system.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For more information visit www.Lumiera.ca
Certain statements contained in this press release constitute
"forward-looking information" as such term is defined in applicable
Canadian securities legislation. The words "may", "would", "could",
"should", "potential", "will", "seek", "intend", "plan",
"anticipate", "believe", "estimate", "expect" and similar
expressions indicate such "forward-looking
information" as they relate to Mondias. All statements other
than statements of historical fact may be forward-looking
information. Such statements reflect Mondias' current views and
intentions with respect to future events, and current information
available to Mondias, and are subject to certain risks,
uncertainties and assumptions. Such risks and uncertainties
include, among others, the risk factors included in Mondias' annual
management's discussion and analysis for the year ended
November 30, 2019, which is available
under the issuer's SEDAR profile at www.sedar.com. Material
factors or assumptions were applied in providing forward-looking
information. Many factors could cause the actual results,
performance or achievements that may be expressed or implied by
such forward-looking information to vary from those described
herein should one or more of these risks or uncertainties
materialize. Should any factor affect Mondias in an unexpected
manner, or should assumptions underlying the forward-looking
information prove incorrect, the actual results or events may
differ materially from the results or events predicted. Any such
forward-looking information is expressly qualified in its entirety
by this cautionary statement. Moreover, Mondias does not assume
responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release and Mondias undertakes no obligation to publicly update or
revise any forward-looking information, other than as required by
applicable law.
SOURCE Mondias Natural Products Inc.