Salona Global Medical Device Corporation Announces Closing of Acquisition and Effectiveness of S-1

May 22, 2021

SAN DIEGO, May 21, 2021 (GLOBE NEWSWIRE) -- Salona Global Medical Device Corporation (the “Company” or “Salona Global”) (TSXV:SGMD, Financial) is pleased to announce that, further to its press releases of September 17, 2020, March 15, 2021 and April 26, ‎‎2021, it has closed its acquisition of South Dakota Partners, Inc., ‎and its Form S-1 Registration Statement has been declared effective by the United States Securities and Exchange Commission. Accordingly, the 7,869,005 subscription receipts ‎‎issued by the Company and 2,121,232 subscription receipts issued by ‎Brattle Finco B.C. Ltd. were ultimately converted or exchanged, as applicable, for an aggregate of 9,990,237 common shares in ‎the capital of the Company and 2,121,232 purchase warrants of the ‎Company.

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