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Patient Home Monitoring Corp Announces Non-brokered Private Placement


Wednesday, 10 Jul 2013 08:30am EDT 

Patient Home Monitoring Corp announced that it is undertaking a non-brokered private placement (the Offering) to raise up to $2,000,000 through the sale of units (Units) of PHM. Each Unit is comprised of one common share, and one-half of one transferable warrant (the Warrants). All securities issued pursuant to the Offering will be subject to a four-month hold period. The closing (the Closing) is expected to be on or about July 23, 2013. PHM will pay a cash finders' fee to eligible finders for an aggregate amount of 7% of the gross proceeds in cash and compensation options entitling such eligible finder to purchase that number of common shares as is equal to 7% of the aggregate price. Each compensation option shall be exercisable for common shares of PHM at an exercise price of $0.22 per share for a period of 12 months from closing. The proceeds of the Offering will be used for a reserve for asset acquisition investigations and general working capital purposes. The closing of the Offering remains subject to the approval of the Exchange. 

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25 Jul 2014