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The Jenex Corporation Announces Conditional Acceptance of Reactivation from NEX to TSX Venture Exchange, TherOZap(TM) Testing and ISO 13485:2003 Update
Toronto, Ontario--(Newsfile Corp. - August 17, 2017) - The Jenex Corporation (NEX: JEN.H) ("Je...
About this update from Therma Bright Inc.
[{"type":"text","content":"The Jenex Corporation Announces Conditional Acceptance of Reactivation from NEX to TSX Venture Exchange, TherOZap(TM) Testing and ISO 13485:2003 UpdateToronto, Ontario--(Newsfile Corp. - August 17, 2017) - The Jenex Corporation (NEX: JEN.H) (\"Jenex\" or the \"Company\"), a progressive medical device technology company, today announces that it has obtained the conditional acceptance of the TSX Venture Exchange (the \"Exchange\" or \"TSXV\") in respect of its application for reactivation to the TSXV as a Tier 2 Life Science Issuer (the \"Graduation\"). The Graduation is conditional upon satisfaction of the following conditions on or before November 15, 2017:Exchange final acceptance for and completion of the proposed private placement to raise gross proceeds of $317,500 by issuing 6,350,000 units at $0.05 per unit; andExchange final acceptance for and completion of the proposed $800,432 debt settlement by issuing 16,008,634 common shares at $0.05 per share, subject to requisite disinterested shareholder approval. Board of Directors' RecommendationThe board of directors of Jenex has determined that the Graduation is in the best interests of its shareholders, and has unanimously approved the Graduation. Jenex Passes Renewal Audit for ISO 13485:2003 Medical Device CertificationJenex has successfully passed the renewal audit for ISO 13485:2003 medical device certification. The audit was conducted by SGS North America - the world's leading inspection, verification, testing and certification company recognized as the global benchmark for quality and integrity.ISO 13485 is designed to be used by organizations throughout the life cycle of a medical device, from initial conception to production and post-production, including final decommission and disposal. It also covers aspects such as storage, distribution, installation and servicing, and the provision of associated services. In addition, the standard can be used by other internal and external parties, such as certification bodies, to help them with their certification processes, or by supply chain organizations that are required by contract to conform. ISO 13485 helps an organization design a quality management system that establishes and maintains the effectiveness of its processes. It reflects a strong commitment to continual improvement and gives customers confidence in its ab...