The TSX Venture Exchange has accepted for filing documentation pertaining to an asset purchase agreement dated Aug. 15, 2022, between the company and an arm's-length party. Pursuant to the agreement, the company has acquired a new X-ray and ultrasound centre and an existing independent health facility (IHF) licence to operate a diagnostic imaging centre, from a private Ontario vendor, as well as signed an agreement to lease a location in Toronto, Ont.

As consideration, the aggregate purchase price of $1.4-million will be paid through the issuance of $200,000 worth of common shares (up to two million common shares) of the company and a cash payment of $1.2-million.

For more information, please refer to the company's news release dated Sept. 8, 2022.