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LevelJump (TSXV:JUMP) announces $10M non-brokered private placement

Health Care, The Market Online Deal Room
TSXV:JUMP
25 October 2022 13:30 (EST)

LevelJump Healthcare Corp. (JUMP) has announced a non-brokered private placement to raise gross proceeds of up to $10,000,000.

The company will issue up to 10,000,000 units at $1.00 per unit. Each unit will consist of one common share and one 8 per cent redeemable convertible Class A Series 1 preferred share.

Each preferred share is non-voting and carries a cumulative annual dividend of 8 per cent, payable quarterly. 

The offering is expected to close in November 2022 and is conditional upon receipt of all required regulatory approvals.

All securities issued will be subject to a statutory four-month hold period.

Leveljump Healthcare is a healthcare company with a focus on profitable telehealth solutions as well as primary care services in radiology. The company provides radiology solutions for hospitals, emergency rooms, and private clinics.

LevelJump Healthcare Corp. (JUMP) is unchanged on the day, trading at C$0.085 per share at 1:30 pm ET.


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