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H-Source Announces Closing of $1.15 Million Brokered Private Placement
H-Source Announces Closing of $1.15 Million Brokered Private Placement.
About this update from H-source Holdings Ltd
[{"type":"text","content":"\nVANCOUVER, British Columbia, July 12, 2018 (GLOBE NEWSWIRE) -- H-Source Holdings Ltd. (TSXV:HSI) (OTCQB:HSCHF) (the “Company” or “H-Source”) is pleased to announce that, further to its news release of June 25, 2018, it has completed its private placement offering (the “Offering”) of common shares of the Company pursuant to an agency agreement dated July 12, 2018 between H-Source, Mackie Research Capital Corporation as lead agent and sole book-runner (“Mackie”) and Bayfront Capital Partners Ltd. (with Mackie, the “Agents”). Pursuant to the Offering, H-Source sold an aggregate 7,666,667 common shares at a price of C$0.15 per common share for aggregate gross proceeds of C$1,150,000.05, which includes 1,000,000 common shares sold pursuant an over-allotment option granted to the Agents which was exercised in full.\n In consideration of the services rendered by the Agents in connection with the Offering, the Agents received from the Company a commission equal to 7.5% of the gross proceeds arising from the Offering. As additional compensation, the Agents were issued non-transferable options (the “Compensation Options”) to acquire common shares from treasury in an amount equal to 7.5% of the common shares issued pursuant to the Offering.  The Compensation Options are exercisable at a price of C$0.15 per Compensation Option until January 12, 2020. The net proceeds of the Offering will be used for general working capital purposes. All of the securities of the Company issued under the Offering are subject to a hold period which will expire on November 13, 2018 in accordance with applicable Canadian securities laws. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and any applicable state securities laws or an exemption from such registration requirements is available. About H-Source Holdings Ltd. H-Source Holdings Ltd. is a technology company operating within the healthcare ...