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StageZero Life Sciences Ltd T.SZLS

Alternate Symbol(s):  SZLSF

StageZero Life Sciences, Ltd. is a Canada-based vertically integrated healthcare company. The Company is engaged in improving the early detection and management of cancer and other chronic diseases through diagnostics and telehealth programs that provide clinical interventions to assist patients who have cancer (COC Protocol), and help patients reduce the risk of developing late-stage disease (AVRT). Its test, Aristotle, is the first mRNA multi-cancer panel for simultaneously screening for multiple cancers from a single sample of blood with high sensitivity and specificity for each cancer. Aristotle uses mRNA technology to identify the molecular signatures of multiple cancer types and is built on the Company's patented technology platform, the Sentinel Principle. The Care Oncology Clinic offers a supervised treatment regimen (the COC Protocol) for people diagnosed with cancer of any type or stage. Its ColonSentry is a proprietary blood test for screening for Colorectal Cancer.


TSX:SZLS - Post by User

Comment by LithLoveron Oct 18, 2021 1:50pm
150 Views
Post# 34018970

RE:RE:RE:DECEMBER MEETING - CONTINGENT SHARE VOTE

RE:RE:RE:DECEMBER MEETING - CONTINGENT SHARE VOTELooks like the 2,500,000 will be given out once a UK licence is approved does not require shareholder approval was part of the deal once license is obtained. 

The additional 8,000,000 will be given out once milestones are achieved and provided shareholders approve.  If shareholders don't approve, the 8,000,000 shares will be valued at $16,000,000 ($2/share) and paid out monthly. 


StageZero acquired all of the shares of Clinics Operations Limited by issuing today 12,400,000 StageZero common shares. StageZero is obligated to issue an additional 2,500,000 StageZero common shares, contingent upon Clinic Operations Limited obtaining a Care Quality Commission license in the United Kingdom. A further 8,000,000 common shares are issuable by StageZero contingent upon the achievement of certain milestones and StageZero shareholder approval.

In the event the Milestones are achieved, and the StageZero shareholders do not approve of the issuance of the Contingent Shares, StageZero is obligated to pay to Health Clinics Limited, in lieu of the Contingent Shares, CAD $16,000,000, payable at a rate of 9.5% out of StageZero's monthly gross revenues. The Contingent Consideration becomes immediately payable in the event of a take-over bid.

Mykndrsn wrote: So do we vote on releasing the 2,500,000 shares?


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