HealthSpace Data Systems Ltd. has arranged a non-brokered private placement of up to six million units at a price of five cents per unit.
Each unit will consist of one common share and one transferable share purchase warrant. Each whole warrant will entitle the holder to acquire one additional common share exercisable for a period of 24 months following the closing of the private placement at a price of five cents per warrant share.
The private placement is subject to the approval of the Canadian Securities Exchange and the securities will be subject to a four-month-and-one-day hold period under securities laws.
The company intends to use the net proceeds from the private placement for general working capital and to support marketing efforts for new commercial enterprise markets, such as restaurants, hospitality, hotels, and cannabis production and distribution.
About HealthSpace Data Systems Ltd.
HealthSpace is an industry-leading technology company currently providing inspection, information, communication and data management systems for federal, state, county and municipal governments. Over the last decade, HealthSpace has successfully developed both enterprise and mobile Internet-based applications currently serving over 300 state and local government organizations across North America. HealthSpace currently offers the only integrated inspection, administration and analytics product suite across all platforms in North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a pro-active operational status.
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