Bloom Health Partners Inc (CSE:BLMH, OTCQB:BLMHF) said it has engaged Ascenta Finance Corp to lead a non-brokered private placement offering of units at $0.20 each for gross proceeds of up to $2 million.
The units are comprised of one common share in the capital of the company and one-half transferable common share purchase warrant. Each whole warrant shall entitle the holder to acquire one additional common share at a price of $0.30 each until the date that is 12 months from the closing date.
The net proceeds of the offering will be used by the company for ongoing working capital and corporate development.
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The common shares and the warrants will be subject to a statutory four-month hold period under applicable securities laws and the certificates will bear a legend to that effect.
Closing of the offering is expected to occur on or about June 22, 2022, or such other date as the company may determine, and is subject to certain conditions, including but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Canadian Securities Exchange.
The units will be offered and sold by private placement in Canada to "accredited investors" within the meaning of Regulation 45-106 respecting Prospectus Exemptions and other exempt purchasers in each province of Canada, except Quebec, and such other jurisdictions within and outside of Canada as are agreed to by the company.
In connection with completion of the offering, the company may pay finders' fees to eligible third-parties who have assisted in introducing subscribers to the offering.
Ascenta Finance is an Exempt Market Dealer registered in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario. It connects qualified investors with quality companies that provide compelling investment opportunities with significant upside potential.
Bloom Health Partners is a global platform for healthcare security, diagnostic testing and occupational health tech.
The company's mission is to ensure that "unstoppable is possible" for businesses and their employees through innovative, customized healthcare models.
Bloom offers a system for businesses and organizations that helps engage employees and creates strategies to manage health and safety. Its stable, scalable system is an integrated health-tech platform that securely manages data while delivering comprehensive workplace health and safety outcomes.
Contact the author at jon.hopkins@proactiveinvestors.com