Agility Health Announces Closing of $1.7M in First Tranche of Non-Brokered Private Placement
28 Fevereiro 2014 - 8:39PM
Marketwired
Agility Health Announces Closing of $1.7M in First Tranche of
Non-Brokered Private Placement
GRAND RAPIDS, MICHIGAN--(Marketwired - Feb 28, 2014) - Agility
Health, Inc. (TSX-VENTURE:AHI) ("Agility Health" or the "Company"),
a leading provider of physical rehabilitation and software services
that benefit patients, healthcare providers and employers is
pleased to announce that it has closed a first tranche of a
non-brokered private placement offering (the "Private Placement")
in the amount of 2,934,670 voting common shares ("Shares") at a
price of $0.60 per Share, for gross proceeds of $1,760,802. It is
anticipated that the Company will complete the remainder of the
Private Placement in one or more tranches in the coming weeks.
In connection with the Private Placement, the Company will pay
finder's fees equal to 7% of the gross proceeds of Shares purchased
by investors procured through such finders (the "Finders'
Investors") and will issue non-transferrable warrants to such
finders equal to up to 10% of the Shares purchased by the Finders'
Investors (the "Finders Warrants"). Each Finders Warrant will be
exercisable by the holder to acquire one additional voting common
share of the Company for a period of 2 years from issuance at an
exercise price of $0.60 per share. In connection with the first
tranche closing today, the Company paid a total of $123,256 in
finder's fees and issued 293,467 Finders Warrants.
All transactions referred to in the release are subject to
regulatory approval, including approval of the TSX Venture
Exchange. For further details, please contact the Company. All
securities issued in connection with the Private Placement will be
subject to a hold period of four months from the date of
closing.
The net proceeds from the Private Placement will be used for
general corporate and working capital purposes.
The securities offered pursuant to the Private Placement have
not been and will not be registered under the U.S. Securities Act
of 1933, as amended, or applicable state securities laws, and may
be not be offered or sold in the United States absent registration
or an exemption from such registration requirements. This press
release shall not constitute an offer to sell or the solicitation
of an offer to buy nor shall there be any sale of the securities in
any jurisdiction in which such offer, solicitation or sale would be
unlawful.
Separately, the Company announces the appointment of Mr. Jason
P. Mahar as Corporate Secretary of the Company. Mr. Mahar is
currently Corporate Counsel to the Company. Prior to joining the
Company, Mr. Mahar was an Associate Attorney at Miller, Johnson,
Snell & Cummiskey, PLC in Grand Rapids. Mr. Mahar holds a J.D.
degree from Michigan State University College of Law and a
bachelor's degree in business administration from the University of
Michigan..
About Agility Health
Through its subsidiary and principal operating entity, Agility
Health, LLC, Agility Health operates a multi-state network of
outpatient rehabilitation clinics and provides contracted services
to hospitals, nursing homes and other institutional clients,
providing care and treatment for orthopedic-related disorders,
sports-related injuries, preventative care, rehabilitation of
injured workers, and a variety of other injuries and conditions. In
addition, Agility Health provides a number of ancillary services
related to physical rehabilitation, including practice management
software systems and custom orthotics. Agility Health operates 74
outpatient or onsite rehabilitation locations in 17 states. Agility
Health's contract therapy services business provides rehabilitative
services to 41 hospitals and inpatient rehabilitation units, 36
nursing homes, long-term care facilities and other service
locations in 9 states. For more information, please visit
investors.agilityhealth.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
This release includes forward-looking statements regarding
Agility Health and its business. Such statements are based on the
current expectations and views of future events of Agility Health's
management. In some cases the forward-looking statements can be
identified by words or phrases such as "may", "will", "expect",
"plan", "anticipate", "intend", "potential", "estimate", "believe"
or the negative of these terms, or other similar expressions
intended to identify forward-looking statements. The
forward-looking events and circumstances discussed in this release,
including the completion of the remainder of the Private Placement,
may not occur and could differ materially as a result of known and
unknown risk factors and uncertainties affecting the company. No
forward-looking statement can be guaranteed. Forward-looking
statements and information by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statement or information.
Accordingly, readers should not place undue reliance on any
forward-looking statements or information. Except as required by
applicable securities laws, forward-looking statements speak only
as of the date on which they are made and Agility Health undertakes
no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
Agility Health, Inc.Steven N. DavidsonChief Executive
Officer(616) 356-5000www.investors.agilityhealth.com
Agility Health, Inc. (TSXV:AHI)
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