Comprehensive Healthcare Systems Inc. Announces Non-Brokered Private Placement and Shares for Debt Settlement

Executive Summary

• Comprehensive Healthcare Systems Inc. announced a non‑brokered private placement of up to 7,000,000 units at $0.50 per unit, targeting gross proceeds of up to $3,500,000.
• Each unit consists of one common share and one‑half of a warrant (full warrant allows purchase of one share at $1.00 for three years, with accelerated expiry provisions).
• The company also plans a securities‑for‑debt transaction to settle approximately US$893,250 in liabilities by issuing up to 2,465,369 common shares at $0.50 per share.

Key Details

• Units Offered: Up to 7,000,000 units @ $0.50 each → Gross proceeds ≤ $3.5 M.
• Unit Composition: 1 common share + ½ warrant (full warrant = right to buy 1 share at $1.00).
• Warrant Terms: Exercise price $1.00; exercisable for three years after closing; accelerated expiry if CHS shares trade ≥ $1.25 for ten consecutive trading days.
• Use of Proceeds: General working capital.
• Debt Settlement (the “Settlement”): Up to US$893,250 (≈ C$1,232,685) settled by issuing up to 2,465,369 common shares @ $0.50 per share.
• Closing Conditions: Subject to customary conditions and TSX Venture Exchange approvals; securities subject to hold periods under applicable laws.
• Finder Fees: May be paid in compliance with law and exchange approval.

Notable Quotes

Chris Cosgrove, Chief Executive Officer: “The proceeds from this offering will strengthen our balance sheet and provide the capital needed to continue expanding our SaaS platform and serve our growing client base.”