skylight-health-announces-75-voluntary-share-lock-up-with-100-lock-up-from-insiders

Skylight Health Announces 75% Voluntary Share Lock-Up With 100% Lock-Up from Insiders

Source - MicroSmallCap

TORONTO, Jan. 12, 2021 (GLOBE NEWSWIRE) — Skylight Health Group Inc (TSXV:SHG)(OTCQX:SHGFF)(“Skylight Health” or the “Company”), announced today that 75% of investors who participated in the $0.15 financing, which closed September 25, 2020, have agreed to a voluntary lock-up, extending the hold period to March 31, 2021. 100% of insiders, including Merida Capital Partners, that participated in this round of financing have agreed to the same lock-up terms. These shares were previously subject to a free-trade date of January 25, 2021. This lock-up covers approximately 26,250,000 of the 35,000,000 shares issued, representing 75% of the shares issued.

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