Investors - Press Releases

Klinik Health Ventures Corp. Announces Execution of Definitive Agreement and Update on Proposed Qualifying Transaction with NeuPath Health

Written by NeuPath | Apr 24, 2020 6:14:00 PM

Toronto, Ontario (April 24, 2020) – Klinik Health Ventures Corp. (TSXV:KHV.P) (“Klinik” or the “Corporation”) is pleased to announce that following the execution of a letter of intent dated as of March 20, 2020 with 2576560 Ontario Inc. doing business as NeuPath Health (“NeuPath”), Klinik has entered into an arrangement agreement (the “Arrangement Agreement”) dated as of April 24, 2020 with NeuPath. Pursuant to the Arrangement Agreement, Klinik will acquire indirectly all of the issued and outstanding common shares of NeuPath (“NeuPath Shares”) in consideration for common shares of Klinik (each a “Klinik Share”) (together with the related transactions and corporate procedures set out in the Arrangement Agreement, the “Transaction”).

It is intended that the Transaction shall constitute Klinik’s Qualifying Transaction, as such term is defined in Policy 2.4 of the Corporate Finance Manual of the TSX Venture Exchange (the “Exchange”).

Click here to see the full PDF Press Release.