HLTH Announces Closing of Initial Tranche VANCOUVER, British Columbia, March 11, 2022 (GLOBE NEWSWIRE) -- Global Care Capital Inc. (CSE: HLTH, FRANKFURT: L6V2) (the “Company” or “Global Care”) a global investment company which engages in early stage investment opportunities in private and public companies, is pleased to announce the initial closing under the convertible securities purchase agreement, the details of which are described in the Company’s release of February 25, 2022 and the issuance of an unsecured zero-coupon convertible securities with a principal amount of US$744,000 for a purchase price of US$600,000 and 6,339,872 shares in satisfaction of a fee payable to the investor at a deemed price of $0.05 per Share.
All the securities issued under the initial closing are subject to a statutory hold period of four months plus a day ending on July 11, 2022 in accordance with applicable securities legislation. The proceeds from the issuance of the convertible securities will be used to fund the Company’s investment activities and for general working capital.
About Global Care
Global Care Capital is a global investment company which specializes in providing early-stage financing to private and public companies. The Company engages in new, early-stage investment opportunities in previously underdeveloped assets and obtaining positions in early-stage investment opportunities that adequately reflect the risk profile.
GLOBAL CARE CAPITAL INC.:
Company Contact:
Mr. Hugh Maddin, Interim CEO
604-687-2038
info@globalcarecapital.com