LevelJump Healthcare (TSXV: JUMP) this morning announced that it will be conducting a non-brokered private placement. The financing will look to raise gross proceeds of up to $1.5 million.
Under the terms of the financing, the company intends to sell 10.0 million units at a price of $0.15 per unit. Each unit is to contain one common share and one common share purchase warrant. Each warrant is valid for a period of three years from the date of issuance at a price of $0.20 per share.
Proceeds from the financing are to be used for acquisitions as well as general working capital.
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The company has indicated that the intention of the financing is to include strategic investors, comprised of both high net worth investors as well as private investment funds whom will support the long term vision of the company.
The financing is expected to close in early May 2021.
LevelJump Healthcare last traded at $0.22 on the TSX Venture.
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