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Leveljump Healthcare Corp. Terminates Agreement to Acquire Additional Shares in Real Time Medical Inc.
Toronto, Ontario--(Newsfile Corp. - July 5, 2022) - Leveljump Healthcare Corp. (TSXV: JUMP) (O...
About this update from Leveljump Healthcare Corp.
[{"type":"text","content":"Leveljump Healthcare Corp. Terminates Agreement to Acquire Additional Shares in Real Time Medical Inc.Toronto, Ontario--(Newsfile Corp. - July 5, 2022) - Leveljump Healthcare Corp. (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) (\"Leveljump\" or the \"Company\"), a Canadian leader in B2B telehealth solutions, announces that it will not be proceeding with its acquisition of 7127651 Canada Inc. as originally announced on April 26, 2022. Had the transaction closed, it would have resulted in Leveljump indirectly acquiring additional shares in Real Time Medical Inc. (\"RTM\").Although the Company obtained TSXV approval, it was unable to proceed with the transaction as a result of certain corporate actions taken against the Company by RTM to impede closing. In response to the conduct of RTM, the Company has commenced legal proceedings in the Ontario Superior Court of Justice against RTM and its management under court file no. CV-22-00683214-00CL.As at the date hereof, Leveljump owns a 25.21% interest in RTM.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 experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibi...