Agility Health Announces Closing of $3.4M of Non-Brokered Private Placements
20 Março 2014 - 8:26PM
Marketwired
Agility Health Announces Closing of $3.4M of Non-Brokered Private
Placements
GRAND RAPIDS, MICHIGAN--(Marketwired - Mar 20, 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 the second and final tranche
of the previously announced non-brokered private placement offering
(the "Private Placement"). Under this tranche, the Company issued a
total of 2,791,302 voting common shares ("Shares") at a price of
$0.60 per Share, for gross proceeds of $1,674,781.20, bringing the
total number of Shares issued under the first and second tranche of
the Private Placement to 5,725,972 Shares for total gross proceeds
of $3,435,583.20.
The Company paid finder's fees of up to 7% of the gross proceeds
of Shares purchased by investors under the second tranche procured
through such finders (the "Finders' Investors") and issued
non-transferrable warrants to such finders of up to 10% of the
Shares purchased by the Finders' Investors (the "Finders
Warrants"). Each Finders Warrant is exercisable by the holder to
acquire one additional Share for a period of 2 years from issuance
at an exercise price of $0.60 per Share. In connection with the
second tranche of the Private Placement, the Company paid a total
of $104,697.68 in finder's fees and issued 249,280 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.
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.
Agility Health, Inc.Steven N. DavidsonChief Executive
OfficerTel: (616) 356-5000
Agility Health, Inc. (TSXV:AHI)
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