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LevelJump (TSXV:JUMP) announces $2M non-brokered private placement

Health Care, The Market Online Deal Room
TSXV:JUMP
06 April 2022 13:45 (EDT)

LevelJump Healthcare (JUMP) will be conducting a non-brokered private placement for gross proceeds of up to $2,000,000.

The company will issue up to 13,333,333 units at $0.15 per unit. Each unit will consist of one common share and one common share purchase warrant.  Each warrant will entitle the holder to acquire one additional common share of Leveljump at an exercise price of $0.20 with an expiry date of March 31, 2024.

The net proceeds from the financing will be used towards acquisitions and for general working capital purposes.

The offering is expected to close in April.

Securities issued will be subject to a four-month hold period in accordance with applicable securities laws.

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.

Shares in Leveljump Healthcare Corp. (JUMP) are unchanged on the day, trading at C$0.15 per share at 1:45 pm ET.

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