By Sheri Kasprzak
Atlanta, June 21 - One Person Health Science Inc. said it plans to raise up to C$1 million in a private placement of units.
The offering includes up to 10 million units at C$0.10 each.
The units are comprised of one share and one warrant. The warrants allow for an additional share at C$0.15 each for one year. The expiry of the warrants may be accelerated to 30 days if the company's stock trades above C$0.25 for more than 10 consecutive trading days.
Placement agent Haywood Securities Inc. has an over-allotment option for up to C$100,000 in units.
The proceeds will be used for working capital, marketing and business development.
Based in Vancouver, B.C., One Person develops assessment and recommendation technologies, products and services for consumers and healthcare providers.
| Issuer: | One Person Health Science Inc.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1 million (maximum)
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| Greenshoe: | For up to C$100,000
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| Units: | 10 million (maximum)
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| Price: | C$0.10
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| Warrants: | One warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$0.15
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| Placement agent: | Haywood Securities Inc.
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| Pricing date: | June 20
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| Stock price: | C$0.085 at close June 20
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