Leonovus Inc. Extension of Expiry Date of Warrants

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Dec 04, 2021

OTTAWA, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Leonovus Inc., ("Leonovus" the "Company") (TSXV: LTV) announces that it will extend the expiry date of a total of 5,137,203 common share purchase warrants (the “Warrants”) which were issued as part of the private placement of the Company completed on December 31, 2020. The Warrants are exercisable for a price of $0.60, and currently expire on December 31, 2021. The Company proposes to extend the expiry date to June 15, 2022. All other terms of the Warrants shall remain unchanged. The proposed Warrant extension is conditional upon receiving approval from the TSX Venture Exchange (the “Exchange”).