/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, May 24, 2023
/CNW/ - CareSpan Health, Inc. (TSXV: CSPN) ("Company" or
"CareSpan"), announces that, further to its news release dated
April 27, 2023, it has issued
1,017,650 common shares in the capital of the Company (the
"Common Shares") and 508,825 common share purchase warrants
(the "Warrants") at a deemed issue price of $0.10 per Common Share to settle CAD$101,765.00 in debt incurred by the
Company.
The Company has issued the Common Shares and Warrants to an
arm's-length creditor in settlement and full satisfaction of the
debt in the amount of CAD$101,765.00,
subject to the payment of $13,229.45
in cash from CareSpan. Each Warrant entitles the holder thereof to
purchase one additional Common Share for a period of 60 months from
the date of issue of the Warrants at an exercise price of
$0.15 per Common Share. The Company
issued the Warrants on April 12, 2023
and the Common Shares on May 11,
2023.
All Common Shares and Warrants issued pursuant to the Debt
Settlement are subject to a statutory hold period of four months
plus a day from the date of their issuance in accordance with
applicable securities legislation.
About CareSpan Health
CareSpan is a healthcare technology and services company that
has developed and deployed a unique, proprietary integrated digital
care platform, the CareSpan Clinic-in-the Cloud™, that creates easy
access to care for the underserved. With a patient-centric approach
focused on improving health outcomes, CareSpan uses sophisticated
digital tools and capabilities to improve patient outcomes in
primary care, chronic care, urgent care, and mental health. In
addition to the integrated digital care platform, CareSpan has
built and deployed a business support infrastructure for its
professional networks, American-Advanced Practice Network and
AmericanMedPsych Network. American-Advanced Practice Network
harnesses the clinical capabilities of Nurse Practitioners to
address the shortage in primary and chronic care in the country.
American-MedPsych brings together providers to tackle shortages
mainly in mental health.
Clinic-in-the-Cloud is a trademark of CareSpan USA Inc., a subsidiary of CareSpan Health,
Inc.
ON BEHALF OF THE BOARD OF DIRECTORS:
"Rembert de
Villa"
Rembert de
Villa
Chief Executive Officer
For more information, visit: www.carespanhealth.com
NOT FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. THIS NEWS RELEASE DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY
ANY OF THE SECURITIES IN THE UNITED
STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE
REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "U.S.
SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND
MAY NOT BE OFFERED OR SOLD WITHIN THE
UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE
U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN
EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. THIS NEWS RELEASE
DOES NOT CONSTITUTE AN OFFER OR SALE OF SECURITIES IN THE UNITED STATES.
The TSX-V and its Regulation Services Provider have not
approved the contents of, nor taken responsibility for the adequacy
or accuracy of, this press release.
SOURCE CareSpan Health, Inc.