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Leveljump Healthcare Corp. Provides Updates on Telehospital Purchase; $2.5 Million Private Placement
Toronto, Ontario--(Newsfile Corp. - March 2, 2022) - LevelJump Healthcare Corp. (TSXV: JUMP) (...
About this update from Leveljump Healthcare Corp.
[{"type":"text","content":"Leveljump Healthcare Corp. Provides Updates on Telehospital Purchase; $2.5 Million Private PlacementToronto, Ontario--(Newsfile Corp. - March 2, 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 the following corporate updates:Telehospital PurchaseFurther to its news releases of October 1, 2021, and November 16, 2021, Leveljump announces that closing of the Telehospital Purchase, which had originally been scheduled for the end of January 2022 and then extended to February 28, 2022, has now been further extended to April 30, 2022 to allow additional time to complete required due diligence and to ensure that sufficient financing is in place to enable the Company to meet its funding obligations. TSX Venture Exchange (the \"Exchange\") has also conditionally approved the issuance of 4,000,000 common shares of the Company which form part of the consideration payable for the acquisition (see the Company's news release dated November 16, 2021). A further update will be provided as and when closing occurs.Extension of Closing of $2.5 Million Private PlacementThe Company wishes to an announce that, further to its news release of January 21, 2022, it has extended the closing date on its previously announced non brokered private placement of 16,666,667 units at a price of $0.15 per unit for gross proceeds of $2.5 million. Closing, originally scheduled for the end of January has been extended to March 31, 2022 and is subject to Exchange consent. Each unit consists of one common share and one common share purchase warrant, each warrant entitling the holder to acquire one additional common share at a price of $0.20 for a period of two years after closing. Proceeds from this offering will be used for acquisitions and for general working capital purposes.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 flo...