Liquid Nutrition Issues Shares for Debt
Liquid Nutrition Group Inc. (“Liquid Nutrition” or “Company”) (TSXV: LQD and LQD.WT) has entered into agreements to satisfy outstanding indebtedness of $43,800 by the issuance of 60,000 common shares at a deemed price of $0.73 per share and another indebtedness of $25,000 by the issuance of 35,714 common shares at a deemed price of $0.70 per share.
Liquid Nutrition also announces that pursuant to its partnership with Trish Stratus (see press release dated October 11, 2012) it has issued 25,000 common shares to Ms. Stratus as consideration for the right to use her image and likeness for the Company's benefit. The Company may issue an additional 25,000 common shares to Ms. Stratus on the first anniversary of its partnership as additional consideration for the right to use her image and likeness, the whole subject to the approval of the TSX Venture Exchange.
All of the foregoing shares are subject to a four-month hold period under applicable securities legislation. As a result of the share issuance, the Company has 16,678,767 shares outstanding.
About Liquid Nutrition Group Inc.
Liquid Nutrition Group Inc. (LNGI) (TSXV: LQD and LQD.WT) is a rapidly growing functional beverage, vitamin and supplement store brand committed to bringing healthy and delicious eating to communities around the world. Through its wholly-owned subsidiary, Liquid Nutrition Franchising Corporation, LNGI has signed franchise agreements for over 80 stores across Canada, as well as license agreement in the Caribbean and the Middle East. For store locations, business opportunities or more information visit www.liquidnutrition.com. Please join Liquid Nutrition on Facebook and follow on Twitter @liquidnutrition.
About Team Liquid
Comprised of pro-athletes and experts in the world of sports, fitness and nutrition, members of Team Liquid were selected based on their personal and professional dedication to healthy active living. Members of Team Liquid include: Steve Nash; Matt Ryan; Suzann Pettersen; Russell Martin; Vincent Lecavalier; Tora Bright; Elaine Hastings, RD, LD/N, CSSD, Nutritionist; Trish Stratus, seven-time WWE World Champion and Yoga Master; and Arlene Dickinson, Dragon's Den CEO. To see what Team Liquid has to say about Liquid Nutrition, please visit: www.youtube.com/watch?v=da785AGWQqk.
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Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed this release and neither accepts responsibility for the adequacy or accuracy of this release.
For Media inquiries:
Liquid Nutrition Group Inc.
Glenn Young, 905-815-1112
President and CEO
Rob Hogan, 647-404-4808
For Investor Relations inquiries:
Liquid Nutrition Group Inc.
Evan Brown, CFO, 905-815-1112
CHF Investor Relations,
Jeanny So, 416-868-1079 x 225
Director of Operations