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Enter Symbol
or Name
USA
CA



CVR Medical Corp
Symbol CVM
Shares Issued 68,353,156
Close 2018-04-10 C$ 0.405
Market Cap C$ 27,683,028
Recent Sedar Documents

ORIGINAL: CVR Medical closes warrant exercise price amendment

2018-04-10 20:15 ET - News Release

Received by email:

File: CVR Medical.News Release (April 10, 2018) (W0354139xB74B6).pdf

CVR Medical Announces Closing of Temporary
    Warrant Exercise Price Amendment
VANCOUVER, BC / April 10, 2018 / CVR Medical Corp. CVR Medical Corp. (TSX.V:CVM)
(FRANKFURT: B3BN) (OTCQB: CRRVF) ("CVR Medical") today announced that the temporary
warrant exercise price amendment expired at the close of business on April 6, 2018 (the "Amendment").
An aggregate of 2,518,600 warrants originally issued in the February and April, 2017 private placements
(the "2017 Warrants") were exercised for gross proceeds of $1,007,440. CVR Medical also issued a total
of 2,518,600 new warrants (the "New Warrants") to those holders that exercised their 2017 Warrants. The
New Warrants have an exercise price of $1.50 and will expire on April 9, 2020.

In the Amendment closing, CVR Medical paid finders' fees of 5% cash (the "Compensation") comprised
of an aggregate cash commission of $22,811.14.

The New Warrants and any common shares issued upon the exercise of the New Warrants are subject to a
hold period expiring on August 10, 2018. The Amendment remains subject to final acceptance of the TSX
Venture Exchange.

The securities referred to herein will not be or have not been registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from registration requirements.

For additional information on the organization, leadership, and current news please visit the company
website at www.CVRMed.com
About CVR Medical
CVR Medical is a company that is involved in an equal parts joint venture with CVR Global Inc. (the "Joint
Venture"). The Joint Venture operates in the medical industry focused on the commercialization of a
proprietary subsonic, infrasonic, and low frequency sound wave analysis technology and has patents to a
diagnostic device designed to detect and measure carotid arterial stenosis. CVR Medical is managed by a
proven technical team. CVR Medical trades on the TSX Venture Exchange under the symbol CVM.

ON BEHALF OF THE BOARD:
(signed) Peter Bakema
Peter Bakema
CEO, President and Director

For further information contact:

Brisco Capital Partners Corp.
Scott Koyich, President
Telephone: (403) 262-9888
 This press release contains forward-looking information that involves various risks and uncertainties regarding futur
--->e events
related to the temporary warrant exercise price amendment. Such statements are subject to risks and uncertainties that
---> may cause
actual results, performance or developments to differ materially from those contained in the statements and are not gu
--->arantees of
future performance of the Company. No assurance can be given that any of the events anticipated by the forward-looking
---> statements
will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements ref
--->lect
management's current views and are based on certain expectations, estimates and assumptions which may prove to be inco
--->rrect.
A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implie
--->d by the
forward-looking statements, including: (1) a downturn in general economic conditions in North America and internationa
--->lly, (2)
the inherent uncertainties and speculative nature associated with commercialization of technology and the practice of 
--->medicine,
(3) a change in health regulations, (4) any number of events or causes which may delay or cease commercialization and
development of the Joint Venture, (5) the risk that the Company or the Joint Venture does not execute its business pla
--->n, (6) inability
to retain key employees, (7) inability to finance operations and growth, and (8) other factors beyond the Company's co
--->ntrol. These
forward-looking statements are made as of the date of this news release and, except as required by law, the Company as
--->sumes no
obligation to update these forward-looking statements, or to update the reasons why actual results differed from those
---> projected
in the forward-looking statements.


THE TSX VENTURE EXCHANGE INC. HAS NEITHER APPROVED NOR DISAPPROVED THE
CONTENTS OF THIS PRESS RELEASE. NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
 


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