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Vitalhub Corp (2)
Symbol VHI
Shares Issued 18,017,916
Close 2020-02-20 C$ 1.98
Recent Sedar Documents

Vitalhub to raise $12-million in bought deal

2020-02-21 08:25 ET - News Release

Mr. Dan Matlow reports

VITALHUB CORP. ANNOUNCES $12 MILLION BOUGHT DEAL PUBLIC OFFERING

Vitalhub Corp. has entered into an agreement with a syndicate of investment dealers led by Cormark Securities Inc., pursuant to which the underwriters have agreed to purchase 6.7 million common shares from the treasury of the company at a price of $1.80 per common share for total gross proceeds of approximately $12-million.

In addition, the company has granted the underwriters an option to purchase up to an additional 15 per cent of the common shares of the offering on the same terms exercisable at any time up to 30 days following the closing of the offering, for market stabilization purposes and to cover overallotments, if any.

The net proceeds of the offering shall be used for growth inititiaves, working capital and general corporate purposes.

Closing of the offering is expected to occur on or about March 12, 2020, and is subject to regulatory approval including that of the TSX Venture Exchange.

The common shares to be issued under the offering will be offered by way of a short-form prospectus to be filed in each of the provinces of Canada, except Quebec, and may be offered in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws, and certain other jurisdictions outside of Canada and the United States.

About Vitalhub Corp.

Vitalhub develops mission-critical technology solutions for health and human services providers in the mental health (child through adult), long-term care, community health service, home health, social service and acute care sectors.

We seek Safe Harbor.

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