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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Mhealth Capital Corp | TSXV:DOC.P | TSX Venture | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
mHealth Capital Corp. (TSX VENTURE:DOC.P) (the "Corporation"), a capital pool company, is pleased to announce it has successfully completed its initial public offering (the "Offering") of 5,000,000 common shares ("Common Shares") at a price of $0.10 per share for gross proceeds of $500,000. Leede Financial Markets Inc. (the "Agent") acted as agent for the Offering. Subsequent to the issuance of the Common Shares pursuant to the Offering, the Corporation has 9,030,000 Common Shares issued and outstanding. The Corporation has also granted options to acquire an aggregate of 903,000 Common Shares, at an exercise price of $0.10 per share, to officers and directors of the Corporation, which options will expire five years from the date of grant. The Corporation paid the Agent a cash commission equal to 10% of the gross proceeds and a corporate finance fee. In addition, the Corporation granted the Agent warrants to acquire in the aggregate 500,000 Common Shares at an exercise price of $0.10 per share. The Agent's warrants will expire 24 months from the date the Corporation's Common Shares are listed for trading on the TSX Venture Exchange (the "Exchange"). It is expected that the Corporation's Common Shares will commence trading within 10 days under the stock symbol DOC.P.
Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.
NEITHER THE 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.
Contacts: mHealth Capital Corp. Jacques Boulet President and Chief Executive Officer (705) 721-7781
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