Miniluxe Holding issues 118,750 shares for debt

Executive Summary

• Miniluxe Holding Corp. completed a share‑for‑debt settlement with The Cue Ball Group LLC, issuing 118,750 Class A subordinate voting shares at CAD $0.40 per share.
• The transaction extinguished approximately US $34,237 (CAD $47,500) of past‑due liabilities for services and expenses provided by Cue Ball.
• All issued shares are subject to a hold period of four months and one day; the deal was executed under exemptions from MI 61‑101 valuation and minority‑approval requirements.

Key Details

• Shares Issued: 118,750 Class A subordinate voting shares.
• Deemed Share Price: CAD $0.40 per share.
• Debt Extinguished: ~US $34,237 (≈CAD $47,500) of past‑due expenses and services.
• Related‑Party Nature: Cue Ball Group is a related party; transaction qualifies as a “related party transaction” under MI 61‑101.
• Regulatory Exemptions:
• Exempt from formal valuation (Section 5.4/5.5(b) of MI 61‑101) because Miniluxe is not listed on a specified market.
• Exempt from minority approval (Section 5.6/5.7(1)(a)) as the fair‑market value of shares issued does not exceed 25 % of market capitalization.
• Hold Period: Shares subject to a lock‑up of four months + one day from issuance, per securities legislation.
• Strategic Rationale: Reduces long‑standing liability, conserves capital for higher‑return initiatives; Cue Ball provided a material discount on services rendered.

Notable Quotes

(No direct quotes were included in the release.)