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Published on December 13, 2012
Toronto, Ontario :EasyMed Services, Inc. (the “Company” or “EasyMed”) announced today that it intends to complete a non-brokered private placement of up to 1,470,588 units (“Units”) at a price of CDN $0.85 per Unit for gross proceeds of up to CDN $1,250,000 (the “Offering”).
Each Unit will consist of one common share and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one common share of EasyMed for a period of 24 months at an exercise price of CDN $1.20.
The common shares and warrants to be issued will carry a four-month hold period under Canadian securities laws from the date of issuance.
EasyMed CEO, Tejinder Sahota, noted, “The Company will use the funds for general working capital purposes and to meets its obligations.”