Business
Nova Leap Health Corp. Announces Non-Brokered Private Placement
(via TheNewswire) HALIFAX, NS / TheNewswire / November 16, 2017 - NOVA LEAP HEALTH CORP...
About this update from Nova Leap Health Corp.
[{"type":"text","content":"Nova Leap Health Corp. Announces Non-Brokered Private Placement(via TheNewswire)\n\n \nHALIFAX, NS / TheNewswire / November 16, 2017- NOVA LEAP HEALTH CORP. (TSXV: NLH) (\"Nova Leap\" or the \"Company\"), a company focused on the home health care industry, will undertake a non-brokered private placement to raise up to $1.0 million by the sale of units of the Company at a price of $0.20 per unit. Each unit is comprised of one common share of the Company and a one-half common share purchase warrant. Two half-warrants entitle the holder to acquire one common share of the Company for $0.35 for a period of 24 months from the closing date of this private placement. The common shares and warrants are subject to a 4 month hold period. Insiders of Nova Leap may participate in the private placement.\n\n\n \nIn connection with the offering, a finder's fee may be paid consisting of a cash payment equal to up to 6% of the proceeds raised from this private placement and that number of non-transferable finder's fee warrants as is equal to up to 6% of the number of common shares issued pursuant to this private placement at closing. Each finder's fee warrant will be exercisable into one common share of the Company at $0.35 per share for a period of 24 months from the closing date. The proceeds from the private placement will be used for working capital purposes.\n\n \n \nThe private placement is subject to TSX Venture Exchange and other required regulatory approval.\n\n \n \nAbout Nova Leap\n\n\n \nThe Home Care Providers industry is becoming one of the fastest growing healthcare industries in Canada and the United States. Home care saves patients billions of dollars every year by treating them in their own homes instead of in hospitals. An aging population, the prevalence of chronic disease, growing physician acceptance of home care, medical advancements and a movement toward cost-efficient treatment options from public and private payers have all fostered industry growth. Nova Leap is focused on a highly fragmented market of small privately-held companies providing patients one on one care in their homes. Nova Leap's post acquisition organic growth strategy is to increase annual revenue per location through a combination of increased employee investment, including training, focused sales and marketing efforts, billing rate increases, expansion...