Business
Physinorth Acquisition Corporation Inc. announces the closing of its initial public offering
Physinorth Acquisition Corporation Inc. announces the closing of its initial public offeri...
About this update from Premier Health Of America Inc
[{"type":"text","content":"\n\n\n\nPhysinorth Acquisition Corporation Inc. announces the closing of its initial public offering\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\n\nCanada NewsWire\nMONTREAL, Dec. 24, 2018\n\n\n\nMONTREAL, Dec. 24, 2018 /CNW Telbec/ - Physinorth Acquisition Corporation Inc. (\"Physinorth\"), a Capital Pool Company, is pleased to announce the closing of its initial public offering of 2,551,600 Common Shares at a price of $0.15 per share for a total amount of $382,740 (the \"Offering\") to investors in Québec on December 21, 2018.\nJitneytrade Inc. acted as agent in connection with the Offering and received a cash commission, as well as an option to acquire 10% of the aggregate number of shares sold pursuant to the Offering for a period of 24 months from the date of listing of the common shares on the TSX Venture Exchange (the \"Exchange\") at an exercise price of $0.15 per common share. The Agent also received a corporate finance fee of $12,000 plus taxes and disbursements. \nPhysinorth has filed the requisite post-closing documentation with the Exchange in order to obtain final approval of the listing of the common shares.\nThe directors and officers of Physinorth are Éric Chouinard, Joseph Cianci, Jean-Robert Pronovost, Gilles Seguin and Hassan Shawwa. Detailed information regarding each director is contained within the final prospectus dated October 12, 2018, which is available to the public at www.sedar.com.   \nIn accordance with Policy 2.4 of the Exchange, the common shares of Physinorth were admitted for trading on the Exchange under the ticker symbol PSN.P at the opening of the markets on Monday, December 24, 2018.\nPhysinorth intends to use the net proceeds of the Offering to identify and evaluate assets or businesses for acquisition in view of completing a Qualifying Transaction as such term is defined in Policy 2.4 of the Exchange. \nFor further information, please contact:\nJean-Robert Pronovost, CEOPhysinorth Acquisition Corporation [email protected] \nNeither TSX Venture Exchange nor its Regulation Ser...