Premier Health Announces Closing of First Tranche of Private Placement
VANCOUVER, British Columbia, April 26, 2019 – Premier Health Group (CSE: PHGI, OTCQB: PHGRF, Frankfurt: 6PH) (the “Company” or “Premier Health”), announced that it has closed the first tranche of its previously announced private placement financing of up to CAD$3,000,000. A total of 3,138,634 shares at CAD$0.65 per shares have been issued for total gross proceeds to the company of CAD$2,040,112.10.
The Company paid a total of CAD$94,380.00 cash finder’s fees on subscriptions under the Financing, together with 145,200 share purchase warrants (the “Warrants”). Each warrant entitles the holder to purchase one common share of Premier Health at CAD$1.00 per common share for a period of 24 months from closing.
Premier Health intends to use the net proceeds of the offering to fund its ongoing growth strategy in the technology healthcare space and for working capital purposes. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus a day from issuance in accordance with applicable securities laws.
The company anticipates closing the balance of this financing shortly.
In addition, Premier Health, with the support of Renmark Financial Communications, will be hosting investor roadshows on Tuesday, April 30th, 2019 in Vancouver, British Columbia and on May 1st, 2019 in Calgary, Alberta.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD”
Chief Executive Officer
About Premier Health
Premier Health is a Canadian company that is strategically poised to take advantage of business opportunities in the global health care industry. We are focused on innovative health care approaches that combine human skill-based expertise with emerging technologies. Premier Health, in conjunction with its subsidiary Cloud Practice, a cloud-based SAAS Electronic Medical Records software company, is developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics with telemedicine and artificial intelligence (AI). We currently have a combined ecosystem of 290 clinics, over 3000 licensed practitioners and almost 3 million registered patients. The Premier Health team has deep clinical, operational and financial expertise and a passion for improving healthcare for all patients.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION CONTACT:
Premier Health Group Inc.