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Vitalhub Corp. Announces $12 Million Bought Deal Public Offering
Vitalhub Corp. Announces $12 Million Bought Deal Public Offering Canada NewsWire ...
About this update from Vitalhub Corp.
[{"type":"text","content":"\n\n\n\nVitalhub Corp. Announces $12 Million Bought Deal 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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Feb. 21, 2020\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n TORONTO, Feb. 21, 2020 /CNW/ - Vitalhub Corp. (the \"Company\" or \"Vitalhub\") (TSXV: VHI) is pleased to announce that it has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc. (collectively, the \"Underwriters\") pursuant to which the Underwriters have agreed to purchase 6,700,000 Common Shares (the \"Common Shares\") from the treasury of the Company, at a price of $1.80 per Common Share for total gross proceeds of approximately $12 million (the \"Offering\").\nIn addition, the Company has granted the Underwriters an option (the \"Over-Allotment Option\") to purchase up to an additional 15% of the Common Shares of the Offering on the same terms exercisable at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any.\nThe net proceeds of the Offering shall be used for growth inititiaves, working capital and general corporate purposes.\nClosing of the Offering is expected to occur on or about March 12, 2020 and is subject to regulatory approval including that of the TSX Venture Exchange (the \"TSXV\").\nThe Common Shares to be issued under the Offering will be offered by way of a short form prospectus to be filed in each of the Provinces of Canada, except Quebec, and may be offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws, and certain other jurisdictions outside of Canada and the United States.\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation ...