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Patient Home Monitoring Corp Announces Increase And Extension Of Proposed Financing

Friday, 9 Aug 2013 02:42pm EDT 

Patient Home Monitoring Corp announced that it has authorized an increase of $540,000 to its proposed financing announced July 10, 2013, as a result of oversubscriptions. Accordingly, the new total financing is authorized up to 18,814,814 common share units at a price of $0.135 per Unit for gross proceeds of up to $2,540,000. Each Unit consists of one common share in the capital of PHM and one-half of one common share purchase warrant of PHM. Each whole Warrant entitles the holder thereof to acquire one Common Share at an exercise price of $0.22 per Common Share up to the date that is the one year anniversary of closing, and at a price of $0.28 per Common Share from the day after the one year anniversary of closing until the two year anniversary of closing, subject to acceleration. All securities issued pursuant to the financing are subject to a four-month hold period. To accommodate the oversubscription, PHM will extend the closing date of the financing to August 26th, 2013. 

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23 Jan 2015