Certive Solutions Inc. Announces $1,000,000 Private Placement Of Convertible Debentures
24 Junho 2014 - 10:32AM
Marketwired
Certive Solutions Inc. Announces $1,000,000 Private Placement Of
Convertible Debentures
SCOTTSDALE, ARIZONA--(Marketwired - Jun 24, 2014) - The Board of
Directors of Certive Solutions Inc. (the "Company") (CSE:CBP) is
pleased to announce a non-brokered private placement of $1,000,000
in convertible debentures with a minimum par value of $1,000 per
debenture and a minimum subscription of $10,000. The debenture will
be convertible at the option of the holder into shares of the
Company at a price of $0.30 per share. Upon conversion the holder
will receive one-half of one common share purchase warrant for each
share held. One whole warrant entitles the purchaser to acquire one
share at $0.60 for a period of two years from the closing date. The
debenture will be for a term of 2 years and bear simple interest of
10% per annum in the first year payable semi-annually and 12% per
annum in the second year payable semi-annually. The debenture will
be secured against the assets of Certive with a PPSA registration
in Canada and a UCC-1 registration in the United States.
The net proceeds will be used for the closing payment to Titan
Health Management Solutions Inc., business development, investment
in cloud technology and capital equipment to scale current
operations, to pay for accounts receivable management on
incremental business, and general working capital.
The Company intends to close the acquisition of the assets of
Titan Health Management Solutions Inc. on June 27, 2014, concurrent
with a first closing of the above referenced private placement.
ON BEHALF OF THE BOARD OF DIRECTORS OF CERTIVE SOLUTIONS
INC.
Van Potter, President, CEO, Director
About Certive Solutions Inc.
Certive Solutions Inc. (Scottsdale, Arizona) provides cloud
revenue cycle management solutions to U.S. hospitals, delivered
collaboratively, utilizing proprietary workflow document management
and analytics technologies tailored to healthcare business
processes. Certive is currently focused on the denied claim segment
of revenue cycle management. Certive's solutions enhance the
efficiency and effectiveness of denied claims recovery in a revenue
sharing relationship that improves hospital net operating
results.
The forward-looking information contained in this press
release is made as of the date of this press release and except as
required by applicable law, the company does not undertake any
obligation to update publicly or to revise any of the included
forward-looking information, whether as a result of new
information, future events or otherwise. By its very nature, such
forward-looking information requires the company to make
assumptions that may not materialize or that may not be
accurate. This forward-looking information is subject to known and
unknown risks and uncertainties and other factors, which may cause
actual results, levels of activity and achievements to differ
materially from those expressed or implied by such information.
Neither the company nor the Canadian Securities Exchange accepts
responsibility for the adequacy or accuracy of this
release.
Certive Solutions Inc.Brian CameronChief Financial
Officer480-922-5327bcameron@certive.com
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