Jolt Health Inc. Announces Closing of Financing

VANCOUVER, BC / ACCESSWIRE / March 27, 2024 / Jolt Health Inc. (CSE:JOLT)(FSE:G1Q0) has successfully completed a non-brokered private placement, raising $500,000 from the sale of 50,000,000 units at $0.01 each. This financing involved an insider subscribing for 1,500,000 units. The company utilized exemptions from certain shareholder approval requirements for this insider participation.

Each unit from this financing includes one common share and a half warrant, with each full warrant allowing the purchase of an additional share at $0.05 for two years, subject to acceleration conditions. The funds raised will be allocated to general working capital and debt repayment, excluding payments such as accrued salaries to officers or directors or for investor relations activities. Issued securities are subject to a trading restriction until July 28, 2024.