MINILUXE COMPLETES SHARES FOR DEBT SETTLEMENT

Core Points - MiniLuxe Holding Corp. has completed a shares-for-debt settlement with The Cue Ball Group, issuing 118,750 Class A subordinate voting shares at a deemed price of CAD$0.40 per share to settle approximately USD$34,237 (C$47,500) in outstanding liabilities [1][2] Group 1: Shares-for-Debt Transaction - The shares-for-debt transaction is viewed as beneficial for the company and its shareholders, as it reduces a longstanding liability and conserves capital for higher-return opportunities [2] - Cue Ball provided a material discount for the services performed or expenses owed, making the transaction more favorable [2] Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" due to the involvement of an insider, necessitating reliance on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3] - The company is exempt from the formal valuation requirement as it is not listed on a specified market, and the shares issued do not exceed 25% of the company's market capitalization, thus exempting it from minority approval [3] Group 3: Securities Regulation - All securities issued in the shares-for-debt transaction are subject to a hold period of four months and one day from the issuance date, in compliance with applicable securities legislation [4] Group 4: Company Overview - MiniLuxe is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on high-quality nail care and esthetic services [6] - The company aims to transform the self-care and nail care industry through better standards, technology, and a commitment to healthier practices [6] - MiniLuxe has performed over 4 million services since its inception, emphasizing professional development and economic mobility for its workforce [6]