Business
Vitalhub Corp. Announces $2,000,000 Private Placement
Toronto, Ontario--(Newsfile Corp. - December 8, 2017) - VITALHUB CORP. (TSXV: VHI) (the " Co...
About this update from Vitalhub Corp.
[{"type":"text","content":"Vitalhub Corp. Announces $2,000,000 Private PlacementToronto, Ontario--(Newsfile Corp. - December 8, 2017) - VITALHUB CORP. (TSXV: VHI) (the \"Company\" or \"VitalHub\") is pleased to announce that the Company intends to complete a non-brokered private placement of up to 17,391,304 (the \"Offering\") of units (the \"Units\") at a price of $0.115 per Unit, for total gross proceeds of up to $2,000,000. Each Unit consists of one common share (each, a \"Common Share\") and one half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will be exercisable into one Common Share at an exercise price of $0.18 per Common Share, for a period of two (2) years from the date of issuance.About VitalHubVitalHub delivers an innovate platform for the creation of mobile health applications that increases productivity within healthcare settings.  The VitalHub platform provides the ability to integrate existing individual healthcare applications while maintaining the control, security and privacy essential in healthcare.  VitalHub's applications are focused on the fast-growing mental health and long term care markets and the company plans to strategically acquire and grow business in these areas.  Currently over 50 healthcare institutions across Canada use products from VitalHub and its subsidiaries.  VitalHub is based in Toronto, ON, and publicly traded on the TSX Venture Exchange: VHIFor further information please contact: Dan MatlowChief Executive Officer, and Director(416) [email protected] Forward-Looking StatementsThis news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as \"will\", \"may\", \"should\", \"anticipate\", \"expects\" and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Offering, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are risks detailed f...