Alternate Health Corp. (CSE:AHG,OTC:ATEHF) announced a non-brokered private placement with gross proceeds of CAD $7,569,055 (USD $5,602,834.66) less finder's fees of CAD$259,330.50.
The Company issued 2,328,940 common shares at a price of CAD$3.25 (USD$2.50) per share. All common shares issuable under the private placement have a four-month hold period in accordance with securities laws, expiring on July 7, 2017. Finder's fees will be paid as permitted by CSE policies and applicable securities laws.
Alternate Health Corp. intends to use the proceeds of the private placement for general working capital purposes and continued acquisition and investment activities in the growing medical cannabis industry and as it leverages its expertise in technology to revolutionize patient care and service delivery.
Alternate Health Corp. is a diversified healthcare company that uses its expertise in technology to revolutionize patient care and service delivery in both traditional and complementary medical fields. With investments in research, education and cutting edge technology, Alternate Health is a leader in software applications and processing systems for the medical industry using proprietary technology platforms. Through its subsidiaries, Alternate Health offers services ranging from medical practice and controlled substance management software to blood analysis and toxicology labs, to clinical research and continuing education programs. Alternate Health's goal is to continue to lead the medical industry with data-driven results in patient care and product development.
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