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PPJ Healthcare Enterprises to receive up to $5 million investment from GPL Ventures
PPJ Healthcare Enterprises to receive up to $5 million investment from GPL Ventures.
About this update from Ppj Healthcare Enterprises, Inc.
[{"type":"text","content":"\n\n\n\nPPJ Healthcare Enterprises to receive up to $5 million investment from GPL Ventures\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPPJ Healthcare Enterprises to receive up to $5 million investment from GPL Ventures\nPR Newswire\nTAMPA, Fla., Dec. 6, 2016\n\n\n\nTAMPA, Fla., Dec. 6, 2016 /PRNewswire/ -- PPJ Healthcare Enterprises, Inc. (the \"Company\") (OTC Pink: PPJE) announced today that on Dec. 5, 2016, it entered into a Securities Purchase Agreement (the \"Securities Purchase Agreement\") with GPL Ventures LLC (\"GPL\"). Pursuant to the Securities Purchase Agreement, the Company, at its sole and exclusive option, may issue and sell to GPL, from time to time as provided therein, and GPL may purchase from the Company shares of the Company's common stock (\"Shares\") equal to a value of up to Five Million Dollars ($5,000,000) when the Company has qualified the Shares under Regulation A.\n\nSubject to the terms and conditions of the Securities Purchase Agreement, the Company, at its option, may issue and sell to GPL, and GPL may purchase from the Company, the Shares upon the Company's delivery of written notices to GPL and subject to agreement by the parties on pricing. The aggregate maximum amount of all purchases that GPL may make under the Securities Purchase Agreement shall not exceed $5 million. Once a written notice is received by GPL, it shall not be terminated, withdrawn or otherwise revoked by the Company. GPL is not obligated to purchase any Shares unless and until the Company has qualified the Shares pursuant to an offering statement on Form 1-A (or on such other form as is available to the Company), which is required to be effective within six months of the execution of the Agreement.  \n\nAdditionally, on Dec. 5, 2016, the Company issued to GPL a Convertible Promissory Note (the \"Note\") in the principal amount of $50,000 as payment of a commitment fee to induce GPL to enter into the Agreements. The Note accrues interest at the rate of five percent (5%) per annum and is due in full on or before Dec. 5, 2017. The Note also prohibits prepay...