12:02:41 EDT Sat 19 Sep 2020
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or Name

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Vitalhub Corp (2)
Symbol VHI
Shares Issued 18,017,916
Close 2020-03-20 C$ 1.44
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Vitalhub prospectus offering

2020-03-20 21:04 ET - Prospectus Approved

The company has closed its financing pursuant to its prospectus dated March 12, 2020, which was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the securities commissions of British Columbia, Alberta and Ontario, on March 13, 2020, pursuant to the provisions of the applicable securities acts.

The TSX Venture Exchange has been advised that the offering closed on March 17, 2020, for gross proceeds of $15,311,340, including the partially exercised overallotment option.

Underwriters:  Cormark Securities Inc., Beacon Securities Ltd. and Canaccord Genuity Corp.

Offering:  7.5 million shares, plus an overallotment option of up to 1,125,000 shares

Share price:  $1.80 per share

Underwriter's fee:  $839,363.40 has been paid to the underwriters

Overallotment option:  The company granted the underwriters an option to purchase up to an additional 1,125,000 shares at $1.80 per share, exercisable up to 30 days after the closing of the offering. As of the date hereof, the overallotment option has been partially exercised -- 1,006,300 shares to date.

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