RIVERVIEW, NB, March 1,
2023 /CNW/ - (TSXV: NXLV) – Sheaco
Holdings Inc. ("Sheaco") announces that it has acquired 37,500,000
common shares ("Common Shares") of NexLiving Communities Inc.
(TSXV: NXLV) ("NexLiving"), representing approximately 11.33% of
the Common Shares issued and outstanding. Sheaco is owned and
controlled by Jamie Shea and
Sarah Shea.
On February 28, 2023, Sheaco
acquired 37,500,000 Common Shares as partial consideration for the
sale of 100% of the shares of Northpoint Management Inc. at a
deemed issue price of $0.20 per share
for a total issue price of $7,500,000
(the "Transaction").
Before the Transaction, Sheaco and its joint actors did not hold
any Common Shares.
The purpose of the Transaction was for investment purposes.
Sheaco and its joint actors may, from time to time, increase or
decrease their holdings of securities of NexLiving, depending on
market and other conditions.
Further details on the information above concerning Sheaco may
be obtained from the Early Warning Report filed on SEDAR or by
contacting NexLiving at info@nexliving.ca.
SOURCE NexLiving Communities Inc.
