TSXV:JUMP - Post Discussion
Post by
Betteryear2 on Apr 26, 2022 12:49pm
Acquires Additional 10.44% of Real Time Medical Inc.
Toronto, Ontario--(Newsfile Corp. - April 26, 2022) - Leveljump Healthcare Corp. (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) ("Leveljump" or the "Company"), a Canadian leader in B2B telehealth solutions, is pleased to announce that it has entered into an agreement (the "Purchase Agreement") which will result in the Company acquiring control over an additional 10.44% of Real Time Medical Inc. ("RTM"). Under the terms of the Purchase Agreement, the Company has agreed to acquire from an arm's length vendor all of the outstanding shares of 7127651 Canada Inc. ("712"), a private Nova Scotia based federal corporation. 712 is a holding company with its principal asset being 1,784,364 common shares of Real Time Medical Inc. The Company has agreed to pay to the vendor total consideration of $963,556.56 consisting of: (i) cash in the amount of $579,918 payable in 3 instalments over four months; and (ii) 2,557,590 common shares of the Company (the "Consideration Shares") at a deemed issue price of $0.15 per share with an aggregate value of $383,638.56. One-half of the Consideration Shares will be subject to a contractual hold period of 180 days from closing with the balance of the Consideration Shares releasable one year after closing. Leveljump Healthcare Corp. Acquires Additional 10.44% of Real Time Medical Inc.
Be the first to comment on this post