MINILUXE REVEALS PLAN FOR DEBT SETTLEMENT THROUGH SHARE ISSUANCE

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Sep 06 2025

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Source: Yahoo Finance

Shares for Debt Transaction: MiniLuxe Holding Corp. plans to issue 345,000 Class A subordinate voting shares to Cue Ball Capital, LLC at CAD$0.40 per share to settle approximately USD$100,000 in unpaid advisory and consulting fees, pending TSX Venture Exchange approval.
Related Party Transaction: The transaction is classified as a "related party transaction" under Multilateral Instrument 61-101, allowing MiniLuxe to bypass certain formal valuation and minority approval requirements due to the low market capitalization impact of the shares issued.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

MINILUXE REVEALS PLAN FOR DEBT SETTLEMENT THROUGH SHARE ISSUANCE

About the author

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