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CBP Certive Solutions Inc

0.01
0.00 (0.00%)
23 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Certive Solutions Inc CSE:CBP CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.01 0.005 0.01 0 00:00:00

Certive Solutions Inc. Announces $1,000,000 Private Placement Of Convertible Debentures

24/06/2014 2:32pm

Marketwired Canada


The Board of Directors of Certive Solutions Inc. (the "Company") (CSE:CBP) is
pleased to announce a non-brokered private placement of $1,000,000 in
convertible debentures with a minimum par value of $1,000 per debenture and a
minimum subscription of $10,000. The debenture will be convertible at the option
of the holder into shares of the Company at a price of $0.30 per share. Upon
conversion the holder will receive one-half of one common share purchase warrant
for each share held. One whole warrant entitles the purchaser to acquire one
share at $0.60 for a period of two years from the closing date. The debenture
will be for a term of 2 years and bear simple interest of 10% per annum in the
first year payable semi-annually and 12% per annum in the second year payable
semi-annually. The debenture will be secured against the assets of Certive with
a PPSA registration in Canada and a UCC-1 registration in the United States.


The net proceeds will be used for the closing payment to Titan Health Management
Solutions Inc., business development, investment in cloud technology and capital
equipment to scale current operations, to pay for accounts receivable management
on incremental business, and general working capital.


The Company intends to close the acquisition of the assets of Titan Health
Management Solutions Inc. on June 27, 2014, concurrent with a first closing of
the above referenced private placement. 


ON BEHALF OF THE BOARD OF DIRECTORS OF CERTIVE SOLUTIONS INC.

Van Potter, President, CEO, Director

About Certive Solutions Inc.

Certive Solutions Inc. (Scottsdale, Arizona) provides cloud revenue cycle
management solutions to U.S. hospitals, delivered collaboratively, utilizing
proprietary workflow document management and analytics technologies tailored to
healthcare business processes. Certive is currently focused on the denied claim
segment of revenue cycle management. Certive's solutions enhance the efficiency
and effectiveness of denied claims recovery in a revenue sharing relationship
that improves hospital net operating results. 


The forward-looking information contained in this press release is made as of
the date of this press release and except as required by applicable law, the
company does not undertake any obligation to update publicly or to revise any of
the included forward-looking information, whether as a result of new
information, future events or otherwise. By its very nature, such
forward-looking information requires the company to make assumptions that may
not materialize or that may not be accurate. This forward-looking information is
subject to known and unknown risks and uncertainties and other factors, which
may cause actual results, levels of activity and achievements to differ
materially from those expressed or implied by such information. Neither the
company nor the Canadian Securities Exchange accepts responsibility for the
adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Certive Solutions Inc.
Brian Cameron
Chief Financial Officer
480-922-5327
bcameron@certive.com

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