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Private Placement: LevelJump Healthcare Corp (TSXV:JUMP)

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The company is looking to raise gross proceeds of up to $1.5 million from the placement of up to 10 million units priced at $0.15 per unit. The units consist of one share and one warrant, with the warrant exercisable at $0.20 for 36 months.

Additional Information:

Company: LevelJump Healthcare Corp .
Website: http://www.LevelJumpHealthcare.com
Stock Symbol: TSXV: JUMP
Date Published: May 3, 2021
Transcript: Available

Video Transcript:

I’m Megan Edwards for Investmentpitch Media

LevelJump Healthcare Corp has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $1.5 million from the placement of up to 10 million units priced at $0.15 per unit.

The units consist of one share and one warrant, with the warrant exercisable at $0.20 for 36 months.

Net proceeds will be used for acquisitions and general working capital.

The shares, which began trading on the TSX Venture Exchange in December, are currently trading at $0.21.

The company, through its subsidiary, Canadian Teleradiology Services or “CTS”, provides teleradiology services to its client hospitals and imaging centers.

Teleradiology is the next level of patient care that provides remote off site reading of radiology scans such as CT, MRI, US and X-ray, thereby ensuring small communities receive the same care that large urban hospitals receive.

Hospital staff scan their emergency room patients, then page the CTS radiologist on call, who can then remotely view, via a secured server, the images and diagnose the patient and provide a report back to the hospital.

CTS service can be accessed from any healthcare facility that has internet connection, making it ideal for global expansion by providing services to countries in need of Canadian board certified radiologists.

Mitch Geisler, CEO, stated: "In the midst of the pandemic, we had a very exciting year in terms of growth. Operations continue to thrive as more hospitals are looking to utilize services like CTS that emphasize remote healthcare for optimum patient care without delay. With a strong balance sheet and nearly no debt, the Company is well positioned for further growth. We have selected a new PACS supplier that will ultimately lead to decreased expenses and we have begun a new arrangement with radiologists joining the company that will increase gross margins."

The company plans to expand through the acquisition of independent healthcare facilities focused on diagnostic imaging as well as acquiring new disruptive imaging technologies.

For more information, please visit the company’s website at www.LevelJumpHealthcare.com, contact Mitch Geisler, CEO, at 833-840-2020 or by email at info@LevelJumpHealthcare.com.

I’m Megan Edwards for Investmentpitch Media