By Laura Lutz
Washington, Feb. 2 - Healthscreen Solutions Inc. arranged a private placement of units for up to C$1.5 million and at least C$1.25 million.
The company plans to sell up to 12 million, and at least 10 million, units of one share and one warrant at C$0.125 per unit. Each warrant will be exercisable at C$0.18 for two years.
Expiry of the warrants may be accelerated to 30 days if the 30-day moving average price of the company's shares is at least C$0.35.
First Canadian Capital Markets Ltd. will act as agent for the deal.
Proceeds will be used for business development and expansion.
Healthscreen is an electronic medical records provider based in St. Catharines, Ont.
| Issuer: | Healthscreen Solutions Inc.
|
| Issue: | Units of one share and one warrant
|
| Amount: | C$1.5 million (maximum); C$1.25 million (minimum)
|
| Units: | 12 million (maximum); 10 million (minimum)
|
| Price: | C$0.125
|
| Warrants: | One per unit
|
| Warrant expiration: | Two years
|
| Warrant strike price: | C$0.18
|
| Agent: | First Canadian Capital Markets Ltd.
|
| Pricing date: | Feb. 2
|
| Stock symbol: | TSX Venture: MDU
|
| Stock price: | C$0.085 at close Feb. 2
|
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