Premier Health Announces $2,000,000 Non-brokered Private Placement
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VANCOUVER, British Columbia, September 24, 2019 – Premier Health Group Inc. (CSE: PHGI, OTCQB: PHGRF, Frankfurt: 6PH) (“Premier Health”), is pleased to announce a non-brokered placement of up to 5,000,000 units at a price of $0.40 per unit for gross proceeds of up to $2,000,000. Each unit will consist of one (1) common share and one-half (1/2) of a share purchase warrant. Each whole warrant will be exercisable for an additional share at a price of $0.65 for a period of two (2) years from issuance. The company expects to close the placement on September 27, 2019.
Premier Health intends to use the net proceeds of the offering to fund its ongoing growth strategy in the technology healthcare space and for working capital purposes. All securities issued pursuant to the offering will be subject to a statutory hold period of four months plus a day from issuance in accordance with applicable securities laws.
Premier Health also announces today that Yari Nieken has resigned from the Company’s board of directors, effective immediately. “On behalf of our board of directors, I thank Yari for his service and contributions and wish him well in future endeavors,” said Dr. Essam Hamza, CEO of Premier Health.
The Company has appointed Christopher Cherry as a replacement to the board of directors. Mr. Cherry has over 14 years of corporate accounting and audit experience. He has held senior-level positions for several public companies, including director, CFO and secretary.
ON BEHALF OF THE BOARD OF DIRECTORS
“Dr. Essam Hamza, MD”
Chief Executive Officer
About Premier Health
Premier Health is a Canadian company that is strategically poised to take advantage of business opportunities in the global health care industry. We are focused on innovative health care approaches that combine human skill-based expertise with emerging technologies. In conjunction with its subsidiary Cloud Practice, which offers SAAS based health technology solutions including a cloud based Electronic Medical Records (EMR) software, medical billing software and an online patient portal, the Company is developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics, telemedicine, and artificial intelligence (AI). We currently have a combined ecosystem of 290 clinics, over 3000 licensed practitioners and almost 3 million registered patients. The Premier Health team has deep clinical, operational and financial expertise and a passion for improving healthcare for all patients.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION CONTACT:
Premier Health Group Inc.
Renmark Financial Communications Inc.
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Tel:(416) 644-2020 or (514) 939-3989