TORONTO, Oct. 04, 2018 (GLOBE NEWSWIRE) -- Canada House Wellness Group Inc ("Canada House" or the "Company") (CSE: CHV) is pleased to announce that it has issued 4,672,897 units (the "Units") to Alumina Partners (Ontario) Ltd. ("Alumina") at a price of $0.214 per Unit for gross proceeds of $999,999.96, less fees of $6,000. The closing of this tranche is the initial tranche of a financing commitment of up to $25,000,000 with Alumina, as further detailed in the Company’s press release dated September 20, 2018. Each Unit consists of one common share and one-half of a common share purchase warrant ("Warrant"). Each whole Warrant entitles Alumina to purchase one common share of the Company for a period of 24 months from closing at a price of $0.428 per common share.
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Canada House Wellness Group Inc. Announces Closing of First Tranche under Alumina Facility
