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Provider: Reuters Investment Profile

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Certive Solutions Inc. announces closing purchase of Titan Health Management Solutions Inc

Thursday, 3 Jul 2014 01:10pm EDT 

Certive Solutions Inc:Announce that effective July 3, it has completed the purchase of the assets comprising, among other things, material contracts, intellectual property, management contracts, and employees of Titan Health Management Solutions Inc., with offices in Scottsdale and Tucson, Arizona.Purchase price for the assets is $2,711,000 and will be paid in two cash installments, $100,000 due upon signing and $208,000 due on Sept. 1.Secured convertible promissory note for $1,800,000; the issuance of 1,000,000 common shares at $0.30 per share; and the issuance of 1,250,000 preferred shares at a deemed price of $0.30 per share. 

Company Quote

-0.01 -9.52%
4 Mar 2015