Bloom Health Partners Inc (CSE:BLMH, OTCQB:BLMHF) said it has closed the second tranche of its previously announced non-brokered private placement offering and has issued 2,770,000 units at a price of $0.20 each for gross proceeds of C$554,000.
Combined with the first tranche of the offering, the company has sold 7,920,000 units for aggregate gross proceeds of C$1,584,000.
The net proceeds of the offering will be used by the company for ongoing working capital and corporate development.
READ: Bloom Health Partners closes initial tranche of private placement raising $1.03M in gross proceeds
The units in the offering are comprised of one common share in the capital of the company and one-half of a transferable common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $0.30 each until July 18, 2023.
In connection with closing the second tranche of the offering, the company paid C$32,640 and issued 163,200 warrants, exercisable at a price of $0.30 per each until July 18, 2023, to an arms-length party who assisted in introducing subscribers.
All securities issued in connection with the offering are subject to a statutory hold period until November 19, 2022, in accordance with applicable securities laws.
Investor Relations engagement
Bloom Health also announced that its board of directors has approved a change in the duties of an existing consultant, Spiro Kletas, to include advising the company on shareholder communications and financing strategy.
Kletas is presently compensated at a rate of $6,000 per month, and will continue at this rate. In consideration for his additional duties, he has also been granted 150,000 incentive stock options, vesting over a twelve-month period and exercisable at a price of $0.40 until July 5, 2025.
Bloom Health is a global platform for healthcare security, diagnostic testing and occupational health-tech. Its mission is to ensure that "unstoppable is possible" for businesses and their employees through innovative, customized healthcare models.
The company 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