Health Logic Interactive Inc. announced a private placement for the gross proceeds of CAD 500,000 on November 15, 2023. There will be a raise of between CAD 2,000,000 and CAD 4,000,000 concurrent with the closing of the Hydro Giant RTO. The company will undertake a capital raise at a to-be-determined size and valuation concurrently with that definitive agreement.

The company will be seeking a waiver of exemption from TSX Venture Exchange's sponsorship requirements and should a waiver/exemption not be granted, the company will be required to obtain a sponsor. The company does not intend to seek shareholder approval for the RTO as the company is currently listed on NEX, the RTO is an arm's-length transaction, the company is not and will not be subject to a cease trade order and will not otherwise be suspended from trading upon completion of the RTO, and shareholder approval of the RTO is not required under applicable corporate and securities laws. here will be a finder's fee associated with the transaction, details of which have not been finalized but will fall under the Toronto Stock Exchange's guidelines and policies surrounding such fees.

The likely industry sector of the resulting issuer would be under diversified industries, specifically in consumer products and services.