Nova Leap Health Corp. Announces Non-Brokerked Private Placement

Press Release - Aug 14, 2017 (30 downloads)

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

HALIFAX, NOVA SCOTIA – August 14, 2017 – NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or the “Company”) is pleased to announce that it will undertake a non-brokered private placement to raise up to $1,500,000 by the sale of units of the Company at a price of $0.20 per unit.  Each unit is comprised of one common share of the Company and a one-half common share purchase warrant.  Two half-warrants entitle the holder to acquire one common share of the Company for $0.35 for a period of 24 months from the closing date of this private placement.  The common shares and warrants are subject to a 4 month hold period.  Insiders of Nova Leap may participate in the private placement.

In connection with the offering, a finder’s fee may be paid consisting of a cash payment equal to up to 6% of the proceeds raised from this private placement and that number of non-transferable finder’s fee warrants as is equal to up to 6% of the number of common shares issued pursuant to this private placement at closing.  Each finder’s fee warrant will be exercisable into one common share of the Company at $0.35 per share for a period of 24 months from the closing date.  The proceeds from the private placement will be used partially for general working capital purposes and for new acquisition opportunities.  The private placement is subject to TSX Venture Exchange and other required regulatory approval.

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:

Christopher Dobbin, CPA, CA, Director, President and CEO Nova Leap Health Corp., T: 902 401 9480   F:  902 482 5177 cdobbin@novaleaphealth.com

John Boidman, Vice President Renmark Financial Communications Inc. T: 416 644-2020 or 514 939-3989 jboidman@renmarkfinancial.com

 

CAUTIONARY STATEMENT:

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.

EMAIL NEWSLETTER

ADDRESS

104-37 Wentworth Street
Dartmouth, NS B2Y 2S9

CONTACT

902.401.9480
cdobbin@novaleaphealth.com

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