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AHI Agility Health

0.015
0.00 (0.00%)
17 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Agility Health TSXV:AHI TSX Venture 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% 0.015 0.01 0.01 0 01:00:00

Agility Health Announces Closing of $3.4M of Non-Brokered Private Placements

20/03/2014 11:26pm

Marketwired Canada


Agility Health, Inc. (TSX VENTURE:AHI) ("Agility Health" or the "Company"), a
leading provider of physical rehabilitation and software services that benefit
patients, healthcare providers and employers is pleased to announce that it has
closed the second and final tranche of the previously announced non-brokered
private placement offering (the "Private Placement"). Under this tranche, the
Company issued a total of 2,791,302 voting common shares ("Shares") at a price
of $0.60 per Share, for gross proceeds of $1,674,781.20, bringing the total
number of Shares issued under the first and second tranche of the Private
Placement to 5,725,972 Shares for total gross proceeds of $3,435,583.20.


The Company paid finder's fees of up to 7% of the gross proceeds of Shares
purchased by investors under the second tranche procured through such finders
(the "Finders' Investors") and issued non-transferrable warrants to such finders
of up to 10% of the Shares purchased by the Finders' Investors (the "Finders
Warrants"). Each Finders Warrant is exercisable by the holder to acquire one
additional Share for a period of 2 years from issuance at an exercise price of
$0.60 per Share. In connection with the second tranche of the Private Placement,
the Company paid a total of $104,697.68 in finder's fees and issued 249,280
Finders Warrants.


All transactions referred to in the release are subject to regulatory approval,
including approval of the TSX Venture Exchange. For further details, please
contact the Company. All securities issued in connection with the Private
Placement will be subject to a hold period of four months from the date of
closing.


The net proceeds from the Private Placement will be used for general corporate
and working capital purposes.


The securities offered pursuant to the Private Placement have not been and will
not be registered under the U.S. Securities Act of 1933, as amended, or
applicable state securities laws, and may be not be offered or sold in the
United States absent registration or an exemption from such registration
requirements. This 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 or sale would be unlawful.


About Agility Health

Through its subsidiary and principal operating entity, Agility Health, LLC,
Agility Health operates a multi-state network of outpatient rehabilitation
clinics and provides contracted services to hospitals, nursing homes and other
institutional clients, providing care and treatment for orthopedic-related
disorders, sports-related injuries, preventative care, rehabilitation of injured
workers, and a variety of other injuries and conditions. In addition, Agility
Health provides a number of ancillary services related to physical
rehabilitation, including practice management software systems and custom
orthotics. Agility Health operates 74 outpatient or onsite rehabilitation
locations in 17 states. Agility Health's contract therapy services business
provides rehabilitative services to 41 hospitals and inpatient rehabilitation
units, 36 nursing homes, long-term care facilities and other service locations
in 9 states. For more information, please visit investors.agilityhealth.com.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Agility Health, Inc.
Steven N. Davidson
Chief Executive Officer
Tel: (616) 356-5000

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