The TSX Venture Exchange has accepted for filing documentation pertaining to a series of agreements whereby Well Health Technologies Corp. has acquired 13 medical clinics in the province of British Columbia.

The total purchase price for the acquisition of the 13 health care clinics was $6,352,044, allocated as follows: (i) a payment upon closing of the transaction of $4,959,202, consisting of $4,221,820 in cash and $737,382 issuable as 1,638,626 common shares of the company at a deemed price of 45 cents per share (the cash portion is subject to a 7.5-per-cent holdback to be released after three months); and (ii) a time-based earnout of $1,392,842 payable quarterly over three years consisting of $1,161,473 cash and $231,369 issuable as common shares of the company priced in the context of the market over time and subject to a floor of 45 cents per share.

Insider/pro group participation:  not applicable

For additional information, please refer to the company's news release dated Nov. 1, 2018.