LevelJump Healthcare Corp. (JUMP) has closed the second tranche of a non-brokered private placement for gross proceeds of $177,500.
The company issued 1,183,334 units at a price of $0.15 per unit. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire one additional share for a price of $0.20 until January 31, 2024.
Net proceeds from the first two tranches of the offering total $477,785.
Net proceeds from the financing will be used towards acquisitions and for general working capital purposes.
The securities issued are subject to a statutory hold period of four months and one day from the closing date in accordance with applicable securities laws.
“We are very excited to close this financing, and to have the support of our strategic investors who believe in the vision of the Company,” said Mitch Geisler, CEO.
“We have now strengthened our balance sheet and are in a stronger position post closing of our acquisition of the IHF centers, as well as to continue our efforts to close the acquisition of Telehospital.”
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) opened trading at C$0.095.