/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/
VANCOUVER, Dec. 17, 2018 /CNW/ - H-Source Holdings Ltd.
(TSXV: HSI; OTCQB: HSCHF) (the "Company" or
"H-Source") is pleased to announce that, further to its news
release of December 6, 2018, it has
completed its non-brokered private placement offering (the
"Offering") of 4,000,000 common shares (the
"Shares") of the Company at a price of $0.10 per Share for aggregate gross proceeds of
C$400,000.
The proceeds from the Offering will provide funding for general
corporate purposes. All of the securities of the Company issued
under the Offering are subject to a hold period which will expire
on April 18, 2019 in accordance with
applicable Canadian securities laws.
About H-Source Holdings Ltd.
H-Source Holdings Ltd. is a technology company operating within
the healthcare industry through its wholly owned subsidiary,
H-Source, Inc. The Company has developed a transaction platform
that provides a private, secure and trusted marketplace for member
hospitals to buy, sell and transfer excess inventory supplies and
capital equipment with each other. Member hospitals can conduct
secure transactions within Integrated Delivery Networks, complete
H-Source network or customize their own group hospitals using
H-Source's built-in filters. This marketplace network is
specifically designed to reduce health care costs and medical
product waste. For more information, please visit
http://h-source.com/.
On behalf of the board of directors of H-Source Holdings
Ltd.
"John
Kupice"
John Kupice
CEO & Director
CAUTIONARY DISCLAIMER STATEMENT:
Neither TSX Venture Exchange (TSXV) nor its Regulation
Services Provider (as that term is defined in policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this
release.
This news release contains forward-looking statements
relating to the completion of the Offering and other statements
that are not historical facts. Forward-looking statements are often
identified by terms such as "will", "may", "should", "anticipate",
"expects" and similar expressions. All statements other than
statements of historical fact, included in this release are
forward-looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from
the Company's expectations include the failure to satisfy the
conditions of the TSXV and other risks detailed from time to time
in the filings made by the Company with securities
regulations.
The reader is cautioned that assumptions used in the
preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, as a result of numerous
known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and the Company will update or
revise publicly any of the included forward-looking statements as
expressly required by applicable law.
SOURCE H-Source Holdings Ltd.