December 3, 2019 – Toronto, Ontario – Klinik Health Ventures Corp. (the “Corporation”), a capital pool company, is pleased to announce that on December 3, 2019 it successfully completed its initial public offering (the “Offering”) of 15,000,000 common shares (the “Shares”) at a price of $0.20 per Share, for gross proceeds of $3,000,000 through its agent, Bloom Burton Securities Inc. (the “Agent”). Following the closing of the Offering, a total of 19,347,500 Shares are issued and outstanding, of which 4,347,500 are currently held in escrow pursuant to the policies of the TSX Venture Exchange (the “Exchange”).
The net proceeds of the Offering, together with the proceeds from prior sales of common shares, will be used by the Corporation to identify and evaluate assets or businesses for acquisition with a view to completing a “Qualifying Transaction” under the Exchange’s capital pool company program.
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