Premier Health Group Inc. Completes $3,555,000 Financing
VANCOUVER, British Columbia, July 25, 2018 – Premier Health Group Inc. (CSE:PHGI) (“Premier Health”), is pleased to announce that it has completed a non-brokered private placement (the “Private Placement”) of common shares in the capital of Premier Health (the “Common Shares”), raising aggregate gross proceeds of $3,555,000.
Pursuant to the Private Placement, Premier Health issued an aggregate of 14,220,000 Common Shares at a subscription price of $0.25 per Common Share. The Common Shares will be subject to a four-month hold period, which will expire on November 25, 2018.
Premier Health intends to use the proceeds of the Private Placement for its previously announced acquisition of HealthVue Ventures Ltd. (“HealthVue”), working capital and general corporate purposes.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Financial Officer and Director
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 developing innovative health care approaches that combine human skill based expertise with emerging technologies, and will set the gold standard for services in locations of interest worldwide. Premier Health’s subsidiary, Premier Clinicas de Rehabilitacion, is a multidisciplinary rehabilitation facility operating in the Dominican Republic for over three years and based on the most current North American practices and methods
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Common
Shares in the United States. The Common Shares 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 contains forward-looking statements that are based on Premier Health’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to the expected use of proceeds from the Private Placement and the intended acquisition of HealthVue. Although Premier Health believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future
performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and Premier Health undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION CONTACT:
Premier Health Group Inc.
Mr. Yari Nieken, Director