Revitalist Lifestyle and Wellness Ltd. announced a non-brokered private placement of 85,000,000 units at an issue price CAD 0.02 per unit for gross proceeds of CAD 1,700,000 on April 4, 2023. Each unit comprised of a common share and one common share purchase warrant. Each warrant is exercisable to purchase one common share at an exercise price of CAD 0.05 per warrant share for a period of two years after the date of issuance, subject to an acceleration right whereby in the event the shares having a closing price on the Canadian Securities Exchange of CAD 0.09 or greater per share for any ten consecutive trading day period at any time after the date of issuance of the warrants, the company may accelerate the expiry of the warrants by giving notice to the holders thereof and, in such case, the warrants will be deemed to have expired on the day which is thirty days after the date of such notice.

The finders' fees in cash and securities may be payable in connection with the transaction in accordance with the policies of the Canadian Securities Exchange and applicable securities laws. All securities issued in connection with the Offering will be subject to a statutory hold period expiring four months and one day after the date of issuance.