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Jolt Health Inc
Symbol JOLT
Shares Issued 70,305,458
Close 2023-07-17 C$ 0.02
Market Cap C$ 1,406,109
Recent Sedar Documents

Jolt Health closes $100,125 private placement

2023-07-19 15:56 ET - News Release

An anonymous director reports

JOLT HEALTH INC. ANNOUNCES CLOSING

Jolt Health Inc., as per Canadian Securities Exchange policy, has closed its previously announced private placement on July 10, 2023. The company issued a total 6,984,266 units for gross proceeds of $100,125 at 1.43 cents per unit. Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for a period of two years from the date of closing at a price of five cents, subject to the corporation's option to accelerate the expiry date if the stock trades at 15 cents 10 trading days.

One insider of the company subscribed for an aggregate of 1.4 million units of the company. The company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 contained in sections 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.

The company has paid finders fees of $1,125.25 and issued 87,500 brokers warrants in accordance with closing.

About Jolt Health Inc.

Jolt Health is a leading life sciences company focused on health care, biotechnology and artificial intelligence. The company currently holds exclusive licences for innovative therapeutic and pharmaceutical products throughout Europe, the United Kingdom and North America. The company is committed to transforming the industry through research, collaboration and technological advancement, shaping the future of health care worldwide.

We seek Safe Harbor.

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