Key Developments: Certive Solutions Inc (CBP.CD)

CBP.CD on Canadian Securities Exchange

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19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Certive Solutions Inc announces acquisition of Knowledge Capital Alliance Inc.
Wednesday, 24 Sep 2014 09:45am EDT 

Certive Solutions Inc:Completes the purchase of the assets comprising, among other things, material contracts, intellectual property, management contracts, and employees of Knowledge Capital Alliance Inc.Purchase price for the assets was US$579,300.  Full Article

Certive Solutions Inc announces multi-hospital contract
Thursday, 28 Aug 2014 09:47am EDT 

Certive Solutions Inc:Reports closing of contract with a multi-hospital system located in the State of Texas to provide billing support services and identified underpayment recoveries to hospitals within its system.  Full Article

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.  Full Article

Certive Solutions Inc announces $1,000,000 private placement of convertible debentures
Tuesday, 24 Jun 2014 09:32am EDT 

Certive Solutions Inc:Says Non-brokered private placement of $1,000,000 in convertible debentures with a minimum par value of $1,000 per debenture and a minimum subscription of $10,000.Debenture will be convertible at the option of the holder into shares of the Company at a price of $0.30 per share.Upon conversion the holder will receive one-half of one common share purchase warrant for each share held.One whole warrant entitles purchaser to acquire one share at $0.60 for period of two years from the closing date.Debenture will be for a term of two years and bear simple interest of 10 pct per annum in first year payable semi-annually and 12 pct per annum in the second year payable semi-annually.Debenture will be secured against the assets of Certive with a PPSA registration in Canada and a UCC-1 registration in the United States.Net proceeds will be used for closing payment to Titan Health Management Solutions Inc., business development, investment in cloud technology and capital equipment to scale current operations, to pay for accounts receivable management on incremental business, and general working capital.Company intends to close the acquisition of the assets of Titan Health Management Solutions Inc. on June 27, 2014, concurrent with a first closing of the above referenced private placement.  Full Article

Certive Solutions Inc's Titan Health wins $2,100,000 capital cost recovery contract
Monday, 19 May 2014 12:10am EDT 

Certive Solutions Inc:Says that Titan Health Management Solutions Inc has won a significant contract to recover over $2,100,000 in capital cost expenditures made by a regional US hospital for costs incurred to build a new hospital facility.Recovery will net about $500,000 to Titan based upon contractual relationship with customer.Claims will be made against 15 commercial insurance providers, in strict compliance with legislation that requires these capital cost recoveries to be paid.  Full Article

Certive Solutions Inc acquires Titan Health Management Solutions Inc
Monday, 31 Mar 2014 09:15am EDT 

Certive Solutions Inc:Signs letter of intent acquire substantially all of the assets of Titan Health Management Solutions Inc.Acquisition to close on or about June 30.Purchase price shall be payable in cash in the amount of US$237,000, a convertible note in the amount of US$1,800,000, a 20pct bonus of 1,000,000 common shares on closing, and 1,250,000 preferred shares which will be convertible into 1,250,000 common shares at a deemed price of $0.35 per share.  Full Article

Certive Solutions Inc partners with Titan Health Care Management
Tuesday, 11 Mar 2014 09:15am EDT 

Certive Solutions Inc:Enters into strategic alliance with Titan Health Care Management Solutions (Titan Health) of Tucson Arizona.Partnership is comprehensive in scope given Titan Health's deep domain experience and knowledge of the intricacies associated with revenue life cycle management in the U.S. Hospital market.Combination of this expertise will be a significant enabler to scaling new business opportunities identified by both partners.  Full Article

Certive Solutions Inc announces closure of C$2,100,000 unit private placement and $400,000 convertible debenture private placement
Monday, 17 Feb 2014 09:00am EST 

Certive Solutions Inc:Says that effective Feb. 14, 2014, the company has closed its previously announced C$2,100,000 unit private placement and C$400,000 convertible debenture private placement.Says it has sold 21,000,000 units in a non-brokered private placement, each unit consisting of one common share and one-half of one common share purchase warrant.One whole warrant entitles the holder to purchase one additional common share at $0.15 per share for a period of two years commencing Feb. 14, 2014.Says it has raised a total of C$2,100,000 from the unit private placement which has and will be utilized to expand its claims denial management business within the U.S. hospital market.In addition, the Company is pleased to announce that it has closed the previously announced C$400,000 non-brokered private placement of convertible debentures.  Full Article

Certive Solutions Inc announces C$2,100,000 private placement and C$400,000 private placement of convertible debentures
Monday, 16 Dec 2013 09:25am EST 

Certive Solutions Inc:Says non-brokered private placement of units at C$0.10 per Unit or 21,000,000 Units for gross proceeds totalling C$2,100,000.Says each Unit consists of one common share and one half-share purchase warrant.Says two half-share warrants entitle the purchaser to acquire one share at C$0.15 for a period of two years from the closing date.Says a non-brokered private placement of $400,000 in convertible debentures.Says the debenture will be convertible at the option of the holder into shares of Certive at a price of C$0.15 per share or 2,666,666 shares.Says the convertible debentures will be for a term of five years and bear simple interest calculated and paid annually at a rate of 5% per annum.Says the net proceeds are targeted for business development and technical development of software solutions for select sub-segments of the U.S. healthcare revenue lifecycle market.  Full Article

VisualVault Corp Announces Name Change
Wednesday, 2 Oct 2013 03:53pm EDT 

VisualVault Corp announced that its Board of Directors agreed to proceed with a share consolidation and name change pending Canadian National Stock Exchange approval. The proposed consolidation, previously approved by a special majority of shareholders of the Company on December 7, 2012, will see shareholders of the Company as of the record date of October 2, 2013 receive one new share for every two shares held. The new company, named Certive Solutions Inc., will trade on the Canadian National Stock Exchange under the ticker symbol CBP.  Full Article

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