Business
Leveljump Healthcare Corp. Acquires Additional 7.82% of Real Time Medical
Toronto, Ontario--(Newsfile Corp. - December 29, 2021) - Leveljump Healthcare Corp. (TSXV: JUM...
About this update from Leveljump Healthcare Corp.
[{"type":"text","content":"Leveljump Healthcare Corp. Acquires Additional 7.82% of Real Time MedicalToronto, Ontario--(Newsfile Corp. - December 29, 2021) - 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, subject to regulatory approval and RTM board approval, it has agreed to acquire an additional 7.82% minority equity interest in Real Time Medical Inc. (\"RTM\"), a private Ontario company, in exchange for 1,335,961 units (a \"Unit\") of Leveljump. Each Unit will be issued at a price of $0.65 per Unit with each Unit being comprised of five (5) Leveljump common shares at a deemed price of $0.12 per share and one (1) share purchase warrant of Leveljump, each warrant entitling the holder to acquire one additional common share of Leveljump at a price of $0.35 per common share on or before December 31, 2023.Upon the closing of the purchase Leveljump will own a 24.71% interest in RTM.Closing of the RTM purchase is subject to the consent of the TSX Venture Exchange (the \"Exchange\") and the consent of the board of directors of RTM. For further information regarding the Company's interest in RTM, please see the Company's news release dated November 25, 2021.All securities issued will be subject to a hold period of four months and one day pursuant to applicable securities laws.In addition to the purchase of the RTM shares, the Company has agreed to purchase from the vendors a promissory note with a face amount of $100,000 and accrued interest of approximately $30,000. The Company will pay $50,000 to the note holder upon closing of the purchase of the RTM shares and the balance of the note principal and accrued interest on or before June 30, 2022.About Leveljump HealthcareLeveljump Healthcare Corp., (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) is a healthcare company with a focus on profitable telehealth solutions as well as primary care services in radiology. The Company's subsidiary, CTS, provides off-site radiology readings for hospital emergency rooms and is a leader in the teleradiology space in Ontario. As part of our growth strategy, we are acquiring healthcare companies that have strong revenue and cash flow, with room for organic growth. ON BEHALF OF THE BOARD OF DIRECTORS OFLEVELJUMP HEALTHCARE CORP.Mitchell Geisler, Chief Executive...