Mr. Mitchell Geisler reports
LEVELJUMP ANNUAL MEETING RESULTS AND ALBERTA ACQUISITION UPDATE
LevelJump Healthcare Corp. has provided an update.
Annual meeting results
At the company's annual and special meeting of shareholders held on Thursday, June 29, 2023, shareholders approved: (i) the re-election of Mitchell Geisler, Robert Landau, Gary Prihar, Richard Jagodnik and Jackie Glazer as directors; and (ii) the reappointment of Clearhouse LLP as auditor. Disinterested shareholders, however, did not approve a non-arm's-length transaction which involved the proposed conversion of certain salary and other remuneration owed to two executive officers into common shares. As a result, the corporation will continue to carry the indebtedness on its ledgers and will be working with the executives to determine an appropriate plan to retire this obligation.
Update on Alberta IHF acquisition
Further to the company's news releases of March 6, 2023, and Nov. 21, 2022, the company wishes to announce that it is awaiting final approval from TD Canada Trust for certain debt financing which will be used in part to close on the purchase of 4 IHF centres in Calgary, Alta. The debt financing is a condition precedent required to be satisfied before closing can occur. TD Canada Trust has advised the company that it is hopeful that the bank will be able to establish the loan facility on or before July 31, 2023.
Yonge Sheppard location
Construction on the company's new Yonge Sheppard location has begun and the IHF location is expected to open for patients during the fourth quarter of 2023.
About Leveljump Healthcare Corp.
Leveljump Healthcare provides telehealth solutions to client hospitals and imaging centres through its teleradiology division, as well as in person radiology services through its IHF's (Independent Healthcare Facilities). Leveljump focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities the company serves.
We seek Safe Harbor.
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