00:35:40 EDT Tue 17 Mar 2026
Enter Symbol
or Name
USA
CA



MedX Health Corp
Symbol MDX
Shares Issued 327,932,314
Close 2026-03-16 C$ 0.055
Market Cap C$ 18,036,277
Recent Sedar+ Documents

MedX Health applies for 30-day extension of placement

2026-03-16 16:17 ET - News Release

Mr. John Gevisser reports

MEDX ANNOUNCES APPLICATION FOR EXTENSION OF NON-BROKERED PRIVATE PLACEMENT

Further to the press release dated Feb. 27, 2026, when MedX Health Corp. announced the initial closing of the non-brokered private placement to accredited investors originally announced in its press release dated Feb. 2, 2026, MedX Health has made application to the TSX Venture Exchange for an extension of 30 days to April 15, 2026, within which to effect further closings on this private placement of Series 4 convertible loan notes. The initial closing, effective Feb. 27, 2026, comprised the issuance of $2.7-million of Series 4 notes. With the proposed extension of the final date for this placement, it is anticipated that further closings will take place for up to a maximum of a further $2.3-million of Series 4 notes. The Series 4 notes bear interest at 6 per cent per year, payable quarterly, and mature on Dec. 31, 2028. The Series 4 notes may be converted, at the option of the holder, into units at 10 cents per unit at any time until the maturity date. Each unit will be composed of one fully paid common share and one-half of a share purchase warrant. Each whole share purchase warrant will be exercisable to purchase one further common share at the price of 12.5 cents, exercisable for a period expiring on the maturity date. Qualified agents will receive a cash commission equal to 6 per cent of the gross proceeds received by the company from the sale of the units to subscribers introduced by such agent(s) and agent warrants equal to 6 per cent of subscriptions introduced by such agent(s). Each agent's warrant, which will be non-transferable, will entitle the holder to acquire, at the price of 10 cents a unit, composed of one fully paid common share and one-half of a non-transferable agent share purchase warrant. Each whole agent share purchase warrant will entitle the holder to acquire one additional common share at the price of 12.5 cents. The agent warrants and any agent share purchase warrants that may be issued pursuant to the exercise of an agent warrant, if not exercised, will expire on the maturity date. As previously announced, it is anticipated that, subject to compliance with relevant regulatory provisions, certain insiders will participate in this placement, in which case the company will rely on exemptions from formal valuation and minority shareholder approval requirements set out in Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). Funds raised in this placement will be allocated to redemption of any Series 1 notes that are not surrendered by way of subscription for Series 4 notes, continuing development of the company's leading-edge SIAscopy on DermSecure telemedicine platform, building out the launch of its technology into the occupational health marketplace and general corporate purposes.

About MedX Health Corp.

MedX Health, headquartered in Ontario, Canada, is a data-enabled medical technology company specializing in non-invasive skin screening and teledermatology through its proprietary SIAscopy imaging technology and DermSecure platform. The company focuses on improving early detection of skin cancer and expanding digital dermatology and skin care services in investigational (that is, contract research organizations) and for beauty and aesthetics sponsors and operators. Its proprietary SIAscopy technology, integrated into the DermSecure platform, enables pain-free, accurate imaging of skin lesions for rapid dermatologist review. These products are cleared by Health Canada, the U.S. Food and Drug Administration, the Therapeutic Goods Administration, and Conformite Europeenne for use in Canada, the United States, Australia, New Zealand, the United Kingdom, the European Union and Turkey. MedX's advanced telemedicine platform enables health care professionals to quickly and accurately assess suspicious moles, lesions and other skin conditions through its proprietary imaging technology, SIAscopy, and its secure, cloud-based patient management system, DermSecure. SIAscopy is the only technology capable of the simultaneous, non-invasive measurement of the concentration and spatial distribution of melanin, hemoglobin and collagen in the epidermis and dermis of human skin.

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