Business
LevelJump Announces Extension of $2 Million Non-Brokered Private Placement
Toronto, Ontario--(Newsfile Corp. - May 19, 2022) - LevelJump Healthcare Corp. (TSXV: JUMP) (O...
About this update from Leveljump Healthcare Corp.
[{"type":"text","content":"LevelJump Announces Extension of $2 Million Non-Brokered Private PlacementToronto, Ontario--(Newsfile Corp. - May 19, 2022) - LevelJump Healthcare Corp. (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) (\"LevelJump\" or the \"Company\"), a Canadian leader in B2B telehealth solutions, is pleased to announce that it will be extending its previously announced non-brokered private placement financing of up to 13,333,333 units at $0.15 per unit (a \"Unit\") for gross proceeds of up to $2,000,000 (the \"Offering\").Each Unit will consist of one common share of Leveljump and one common share purchase warrant (\"Warrant\"). Each Warrant will entitle the holder to acquire one additional common share of Leveljump at an exercise price of $0.20 with an expiry date of March 31, 2024.The Offering is only open to residents of Canada who are \"accredited investors\" as defined under applicable securities legislation. It is the intention that the principal subscribers will include strategic investors made up of private investment funds and high net worth investors in support of the long-term vision of the Company.The net proceeds from the financing will be used towards acquisitions and for general working capital purposes.The Offering is expected to close by June 30, 2022. The Offering is conditional upon receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will have a hold period of four months and one day from the closing date of the Offering in accordance with applicable securities laws.About LevelJump HealthcareLevelJump Healthcare Corp., (TSXV: JUMP) is building a national telehealth medical company and brand, currently by providing teleradiology (remote radiology) services to its client hospitals and imaging centers. Additionally, JUMP owns and operates independent healthcare facilities (IHF's) focused on diagnostic imaging.ON BEHALF OF THE BOARD OF DIRECTORS OFLEVELJUMP HEALTHCARE CORP.Mitchell Geisler, Chief Executive [email protected](833) 840-2020CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATIONThis news release contains \"forward-looking information\" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, in light of the...