Business
COMPREHENSIVE HEALTHCARE SYSTEMS ANNOUNCES CLOSING OF FIRST TRANCHE OF $0.05 UNIT PRIVATE PLACEMENT
COMPREHENSIVE HEALTHCARE SYSTEMS ANNOUNCES CLOSING OF FIRST TRANCHE OF $0.05 UNIT PRIVATE...
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"\n \n \n \n COMPREHENSIVE HEALTHCARE SYSTEMS ANNOUNCES CLOSING OF FIRST TRANCHE OF $0.05 UNIT PRIVATE PLACEMENT\n \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 \n Canada NewsWire\n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n CALGARY, AB\n \n ,\n \n Oct. 31, 2022\n \n /CNW/ -\n \n Comprehensive Healthcare Systems Inc.\n \n (TSXV: CHS) (the \"\n \n Company\n \n \" or \"\n \n CHS\n \n \") is pleased to announce that it has closed the first tranche of its non-brokered private placement (the \"\n \n Private Placement\n \n \") announced on\n \n October 17, 2022\n \n . Pursuant to the Private Placement, CHS intends to issue up to 30,000,000 units of the company (the \"\n \n Units\n \n \") for gross proceeds of up to\n \n $1,500,000\n \n . Under the first tranche, the Company issued 14,980,000 Units at a price of\n \n $0.05\n \n for gross proceeds of\n \n $749,000\n \n .\n \n \n Each Unit consists of one common share in the capital of CHS (a \"\n \n Share\n \n \") and a transferable common share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant is exercisable for a period of 24 months from the date it was issued (the \"\n \n Exercise Period\n \n \"). Each Warrant entitles the holder to purchase one Share (a \"\n \n Warrant Share\n \n \") at a price of\n \n $0.10\n \n per Warrant Share for the first 12 months of the Exercise Period and at a price of\n \n $0.15\n \n per Warrant Share between 12 and 24 months of the Exercise Period.\n \n \n In connection with the closing of the First Tranche, certain arm's length finders (collectively, the \"\n \n Finders\n \n \") received fees equal to 7% of the gross proceeds for certain subscribers that were brought by those Finders for an aggregate total of\n \n $33,880\n \n . Additionally, the Finders were issued an aggregate of 677,600 warrants expiring twenty-four months from the date of issuance (the \"\n \n Finder Warrants\n \n \"). Each Finder Warrant entitles the holder thereof to subscribe for one Warrant Share at ...