CENTRIC HEALTH PRICES PUBLIC OFFERING OF UNITS
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, Dec.14, 2011 /CNW/ – Centric Health Corporation (“Centric Health” or “the Company“) (TSX: CHH.TO – News) now announced the pricing of the formerly voiced open charity of units (the “Units”). The Units are being charity on an group basement by National Bank Financial Inc.
The Company is charity up to 3,000 Units at a price of $10,000 per Unit for total sum deduction of up to $30 million. Each Unit is comprised of 3 components;
$2,000 worth of common shares (the “Common Shares”) next to to 1,283 Common Shares labelled at $1.56 per Common Share, which represents we estimate a 10% bonus to the volume weighted normal trade price of the Company’s usual shares listed on the Toronto Stock Exchange for the 5 uninterrupted trade days rught away preceding Dec 13, 2011;
$8,000 principal volume of unsecured, subordinated, automobile records (the “Notes”) which bear seductiveness at an annual rate of 6% paid semi-annually and will be automobile in to Centric Health usual shares at the holder’s option at any time following the duration (if any) that the shutting cost of the usual shares on the TSX has been at slightest $3.12 for twenty uninterrupted trade days, at an primary acclimatisation rate of 320.51 usual shares per $1,000 principal volume of Notes, representing an primary acclimatisation cost of we estimate $3.12 per usual share. Holders may elect to modify usually a apportionment of their Notes so prolonged as the Notes converted are an constituent mixed of $1,000 principal amount; and
Common Share squeeze warrants (the “Warrants”) next to to 1,283 Warrants, any Warrant will grant the hilt to squeeze a single usual share of Centric Health at a cost of $1.66 per share on Dec 22, 2016.
An primary shutting of the Offering is approaching to occur on Dec 22, 2011. A last shutting is approaching to take place on the progressing of the Company raising a sum of $30 million underneath the Offering or the week of Jan 23, 2012, with pricing of the Common Shares, Notes and Warrants on the same conditions as the primary closing. Any Units released in the last shutting will be released at a cost of $10,000 per Unit and the accrued interest, with respect to the Notes, from the primary shutting date to the last shutting date.
All of the other conditions of the Offering sojourn the same as voiced in a press recover antiquated Nov 15, 2011.
No bonds regulatory management has possibly authorized or disapproved of the essence of this headlines release. The bonds being charity have not been, and will not be, purebred underneath the United States Securities Act of 1933, as nice (the ”U.S. Securities Act”), or any state bonds laws, and may not be charity or sole in the United States unless pursuant to an grant therefrom. This press recover is for information purposes usually and does not consecrate an offer to sell or a questionnaire of an suggest to buy any bonds of Centric Health in any jurisdiction.
About Centric HealthCentric Health‘s prophesy is to be Canada‘s premier healthcare company, on condition that innovative solutions centered on patients and healthcare professionals. As a diversified healthcare association with investments in multiform niche use areas, Centric Health now has operations in medical assessments, incapacity and reconstruction management, physiotherapy and surgical centres, homecare, featured item pharmacy and wellness and prevention. With believe and experience of healthcare delivery in international markets and endless and devoted relations with payers, physicians, and supervision agencies, Centric Health is posterior expansion opportunities in to other healthcare sectors to emanate worth for all stakeholders with an invariable joining to the top peculiarity of care. Centric Health is listed on the TSX underneath the pitch CHH. For serve information, please visit www.centrichealth.ca. Centric Health‘s strategic confidant is Global Healthcare Investments & Solutions, Inc. (“GHIS”) (www.ghis.us). GHIS and entities tranquil by shareholders of GHIS are now the largest shareholders of Centric Health.
This press recover contains statements that may consecrate “forward-looking information” inside of the definition of germane Canadian bonds legislation. Forward-looking information includes, between others, statements per the Offering, Centric Health‘s business strategy, plans and other expectations, beliefs, goals, objectives, information and statements about possible destiny events. Readers are cautioned not to place unjustified faith on such forward-looking statements. Forward-looking statements are based on stream expectations, estimates and assumptions that engage a number of risks (including, but limitation, those described in the Prospectus) which could means tangible formula to change materially from those expected by Centric Health and described in the forward-looking information contained in this press release. No declaration can be since that any of the events expected by the forward-looking information will come or occur or, if any of them do so, what benefits Centric Health will get therefrom.
Source: health – Yahoo! News Search Results
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
TORONTO, Dec.14, 2011 /CNW/ – Centric Health Corporation (“Centric Health” or “the Company“) (TSX: CHH.TO – News) now announced the pricing of the formerly voiced open charity of units (the “Units”). The Units are being charity on an group basement by National Bank Financial Inc.
The Company is charity up to 3,000 Units at a price of $10,000 per Unit for total sum deduction of up to $30 million. Each Unit is comprised of 3 components;
$2,000 worth of common shares (the “Common Shares”) next to to 1,283 Common Shares labelled at $1.56 per Common Share, which represents we estimate a 10% bonus to the volume weighted normal trade price of the Company’s usual shares listed on the Toronto Stock Exchange for the 5 uninterrupted trade days rught away preceding Dec 13, 2011;
$8,000 principal volume of unsecured, subordinated, automobile records (the “Notes”) which bear seductiveness at an annual rate of 6% paid semi-annually and will be automobile in to Centric Health usual shares at the holder’s option at any time following the duration (if any) that the shutting cost of the usual shares on the TSX has been at slightest $3.12 for twenty uninterrupted trade days, at an primary acclimatisation rate of 320.51 usual shares per $1,000 principal volume of Notes, representing an primary acclimatisation cost of we estimate $3.12 per usual share. Holders may elect to modify usually a apportionment of their Notes so prolonged as the Notes converted are an constituent mixed of $1,000 principal amount; and
Common Share squeeze warrants (the “Warrants”) next to to 1,283 Warrants, any Warrant will grant the hilt to squeeze a single usual share of Centric Health at a cost of $1.66 per share on Dec 22, 2016.
An primary shutting of the Offering is approaching to occur on Dec 22, 2011. A last shutting is approaching to take place on the progressing of the Company raising a sum of $30 million underneath the Offering or the week of Jan 23, 2012, with pricing of the Common Shares, Notes and Warrants on the same conditions as the primary closing. Any Units released in the last shutting will be released at a cost of $10,000 per Unit and the accrued interest, with respect to the Notes, from the primary shutting date to the last shutting date.
All of the other conditions of the Offering sojourn the same as voiced in a press recover antiquated Nov 15, 2011.
No bonds regulatory management has possibly authorized or disapproved of the essence of this headlines release. The bonds being charity have not been, and will not be, purebred underneath the United States Securities Act of 1933, as nice (the ”U.S. Securities Act”), or any state bonds laws, and may not be charity or sole in the United States unless pursuant to an grant therefrom. This press recover is for information purposes usually and does not consecrate an offer to sell or a questionnaire of an suggest to buy any bonds of Centric Health in any jurisdiction.
About Centric HealthCentric Health‘s prophesy is to be Canada‘s premier healthcare company, on condition that innovative solutions centered on patients and healthcare professionals. As a diversified healthcare association with investments in multiform niche use areas, Centric Health now has operations in medical assessments, incapacity and reconstruction management, physiotherapy and surgical centres, homecare, featured item pharmacy and wellness and prevention. With believe and experience of healthcare delivery in international markets and endless and devoted relations with payers, physicians, and supervision agencies, Centric Health is posterior expansion opportunities in to other healthcare sectors to emanate worth for all stakeholders with an invariable joining to the top peculiarity of care. Centric Health is listed on the TSX underneath the pitch CHH. For serve information, please visit www.centrichealth.ca. Centric Health‘s strategic confidant is Global Healthcare Investments & Solutions, Inc. (“GHIS”) (www.ghis.us). GHIS and entities tranquil by shareholders of GHIS are now the largest shareholders of Centric Health.
This press recover contains statements that may consecrate “forward-looking information” inside of the definition of germane Canadian bonds legislation. Forward-looking information includes, between others, statements per the Offering, Centric Health‘s business strategy, plans and other expectations, beliefs, goals, objectives, information and statements about possible destiny events. Readers are cautioned not to place unjustified faith on such forward-looking statements. Forward-looking statements are based on stream expectations, estimates and assumptions that engage a number of risks (including, but limitation, those described in the Prospectus) which could means tangible formula to change materially from those expected by Centric Health and described in the forward-looking information contained in this press release. No declaration can be since that any of the events expected by the forward-looking information will come or occur or, if any of them do so, what benefits Centric Health will get therefrom.
Source: health – Yahoo! News Search Results