Reliq Health Technologies, Inc. Announces Increase to up to $6 Million to Previously Announced Private Placement

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HAMILTON, Ontario, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Reliq Health Technologies Inc. (TSXV:RHT or OTC:RQHTF or WKN:A2AJTB) (“Reliq” or the “Company”), a rapidly growing global healthcare technology company that develops innovative Virtual Care solutions for the multi-billion dollar Healthcare market, is pleased to announce an increase to its previously announced $4 million brokered private placement of Units initially announced on September 27, 2023 (the “Offering”). The Offering has been increased due to significant demand and is now targeted for gross proceeds of up to $6 million (previously $4 million) through the issuance of up to 15,000,000 Units of the Company at $0.40 per Unit (the "Offering Price"). Each Unit will continue to consist of one common share (a “Share”) and one transferable Share purchase warrant (a “Warrant”). Each Warrant shall be exercisable into one additional common share (“Warrant Share”) of the Company for a period of 30 months from the Closing Date (as defined below) at an exercise price of $0.52 (the “Warrant Share Price”). All references to currency herein are to Canadian Dollars.

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