Business
LevelJump Closes Private Placement Raising Gross Proceeds of Over $1.5 Million
Toronto, Ontario--(Newsfile Corp. - April 1, 2022) - LevelJump Healthcare Corp. (TSXV: JUMP) (...
About this update from Leveljump Healthcare Corp.
[{"type":"text","content":"LevelJump Closes Private Placement Raising Gross Proceeds of Over $1.5 MillionToronto, Ontario--(Newsfile Corp. - April 1, 2022) - LevelJump Healthcare Corp. (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) (\"LevelJump\" or the \"Company\"), a Canadian leader in B2B telehealth solutions, is very pleased to announce that, further to its news releases of February 4, February 8 and March 2, 2022, it has now completed and closed a final and third tranche of a non-brokered private placement financing. In connection with the private placement, the Company has issued a total of 10,161,893 units for aggregate gross proceeds of $1,584,284 at a price of $0.15 per unit (a \"Unit\").Each Unit consists of one common share of Leveljump and one common share purchase warrant (\"Warrant\"). Each Warrant entitles the holder to acquire one additional common share of Leveljump at an exercise price of $0.20 for a period until January 31, 2024.The net proceeds from the financing will be used towards acquisitions and for general working capital purposes. Cash finder's fees totalling $56,190 were paid in connection with this financing.All securities issued pursuant to this financing will be subject to resale restrictions for a period of four months and one day from closing under applicable securities legislation.The Company also wishes to announce that, effective December 21, 2021 and subject to Exchange approval, it has entered into an arm's length share bonus arrangement with a senior employee whereby, as part of the employee's total compensation package, the Company will issue up to 80,000 shares with an aggregate value of $12,000 at the rate of 20,000 shares every six months.About LevelJump HealthcareLevelJump Healthcare Corp., (TSXV: JUMP) is building a national medical diagnostic imaging company and brand, primarily by providing teleradiology (remote radiology) services to its client hospitals and imaging centers. Additionally, JUMP plans to expand through the acquisition of independent healthcare facilities focused on diagnostic imaging as well as acquiring new disruptive imaging technologies.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\" wi...