Halo Collective Announces New Appointment to Board of Directors and Completes Securities Issuance to Independent Consultants, Related Parties, and Suppliers

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By Alexdemarco in Business
Updated 3 years ago

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICERS OR FOR DISSEMINATION IN THE UNITED STATES/. TORONTO, April 9, 2021 /CNW/ - Halo Collective Inc. ("Halo" or the "Company") (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) today announces that Co-Founder and Chief Operating Officer, Andreas Met, has stepped down from the Company's Board of Directors in order to facilitate his relocation to Lesotho; a move which will allow a more dedicated response in Halo's commitment to expanding international business operations. Additionally, the Company has completed the issuance of 11,877,135 common shares of the Company (the "Compensation Shares") to certain independent consultants, related parties, and suppliers of the Company, in lieu of cash consideration accrued between October 2020 and February 2021, at a price of C$0.11 per Compensation Share, being the closing price of the common shares of the Company on March 23, 2021.

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