HealthSpace Data Systems closes 2nd tranche

HealthSpace Data Systems Ltd. (CSE: HS, Forum) announced today it has closed the 2nd tranche of its previously announced offering. The original announcement was an offering of 7,300,000 Units at a purchase price of $0.05 for gross proceeds of $365,000. Each Unit consists of one common share and one-half of one share purchase warrant, with each whole warrant being exercisable for 12 months at an exercise price of $0.075. The Units are also subject to an acceleration clause as laid out in the Company’s news release of August 11, 2016.

Gross proceeds of the 1st and 2nd tranche total $1,960,352 for 39,207,040 Units as well as $1.5 million for a secured, convertible debenture offering that closed concurrently with the 1st tranche, as covered in a previous news release on September 30, 2016. The financing was oversubscribed both in the 1st and 2nd tranche, and the maximum was increased to accommodate all subscriptions received by the Company. Further information can be found here.

HealthSpace was recently in the news when it announced the closing of the 1st tranche of this financing.
The Company has 50 million share outstanding and a market cap of $3.5 million

FULL DISCLOSURE: HealthSpace Data Systems Ltd. is a paid client of Stockhouse Publishing.