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Alternate Health Secures $5 Million Financing Facility from Alpha Blue Ocean
Alternate Health Secures $5 Million Financing Facility from Alpha Blue Ocean.
About this update from Alternate Health Corp
[{"type":"text","content":"\n\n\n\nAlternate Health Secures $5 Million Financing Facility from Alpha Blue Ocean\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAlternate Health Secures $5 Million Financing Facility from Alpha Blue Ocean\nCanada NewsWire\nTORONTO, June 14, 2019\n\n\n\nTORONTO, June 14, 2019 /CNW/ - Alternate Health Corp., (\"Alternate Health\" or the \"Company\") (CSE:AHG) (OTCQB:AHGIF), an international leader in hemp-derived CBD extraction, product development and distribution, announced today that it has entered into an agreement to obtain funds to finance Alternate Health's expansion of its CBD product line and hemp extraction facility. \n\n \n \n\n \n\"The Company is pleased to announce our financing agreement with Alpha Blue Ocean,\" says Howard Mann, CEO of Alternate Health. \"This agreement gives us capital to support our expanding CBD operations including manufacturing, distribution and new product development\".\nAlternate Health has entered into a Subscription Agreement with European High Growth Opportunities Securitization Fund (\"EHGO\"), advised by Alpha Blue Ocean Inc. (\"Alpha Blue\"), for the sale of convertible notes with attached share purchase warrants. Alpha Blue is a money manager based in London, United Kingdom with a strong track record of partnering with public companies and delivering meaningful value to their shareholders.\n\"We are excited to partner with Alternate Health, an emerging leader in the CBD extraction and manufacturing,\" says Pierre Vannineuse, Founder & CEO of Alpha Blue Ocean. \"This financing agreement will provide funds for the team to develop its hemp extraction infrastructure and expand CBD product development.\"\nTerms of the Agreement\nAlpha Blue's advisee, EHGO, has agreed to subscribe for up to $5,000,000 aggregate principal amount of senior unsecured convertible debentures (the \"Notes\") and accompanying warrants (the \"Warrants\"). The Notes shall be convertible into, and the Warrants shall be exercisable for, common shares (\"Common Shares\") in the capital of the Company, at prices to be determined at each closing und...