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MedX Announces Application for Extension of Non-Brokered Private Placement
MedX Health Corp. (“ MedX ” or the “ Company ”) (TSX-V: M...
About this update from Medx Health Corp.
MedX Announces Application for Extension of Non-Brokered Private Placement .bwalignc { text-align: center; list-style-position: inside } MedX Health Corp. (“ MedX ” or the “ Company ”) (TSX-V: MDX ) is pleased to announce that, further to its Press Release dated February 27, 2026, when it announced the Initial Closing of the Non-brokered Private Placement to accredited investors originally announced in its Press Release dated February 2, 2026, it has made application to the TSX Venture Exchange for an extension of 30 days to April 15, 2026, within which to effect further closings on this Private Placement of Series IV Convertible Loan Notes (“ Series IV Notes ”). The Initial Closing, effective February 27, 2026, comprised the issuance of $2,700,000 of Series IV Notes. With the proposed extension of the final date for this Placement, it is anticipated that further Closings will take place, for up to a maximum of a further $2,300,000 of Series IV Notes. The Series IV Notes bear interest at 6% per year, payable Quarterly, and mature on December 31, 2028 (the “ Maturity Date ”). The Series IV Notes may be converted, at the option of the Holder, into units at $0.10 per unit (“ Unit ”) at any time until the Maturity Date. Each Unit will be comprised of One (1) fully paid Common Share and One-half (1/2) of a Share Purchase Warrant. Each whole Share Purchase Warrant will be exercisable to purchase One (1) further Common Share at the price of $0.125, exercisable for a period expiring on the Maturity Date. Qualified agents will receive a cash commission equal to 6% of the gross proceeds received by the Company from the sale of the Units to subscribers introduced by such agent(s) and agent’s warrants (“ Agent’s Warrant(s) ”) equal to 6% of subscriptions introduced by such agent(s). Each Agent’s Warrant, which will be non-transferable, will entitle the holder to acquire, at the price of CAD$0.10, a unit, comprised of One (1) fully paid Common Share and one-half (1/2) of a non-transferable agent’s share purchase warrant; each whole agent’s share purchase warrant (“ Agent’s Share Purchase Warrant ”), will entitle the holder to acquire one additional Common Share at the price of CAD$0.125. The Agent’s Warrants and any Agent&#...