Continental Home Healthcare Announces Private Placement.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--March 20, 2001 Continental Home Healthcare Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CHT CHT Chart CHT Center for Health Transformation (Washington, DC) CHT Chittagong Hill Tracts (Bangladesh region) CHT Certified Hypnotherapist CHT Cylinder Head Temperature CHT Certified Hand Therapist .) today announced that the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. has approved a private placement of 700,000 Units and 700,000 common shares for an aggregate purchase price of $700,000 ($0.50 per Unit and $0.50 per common share). Each Unit consists of one common share and one share purchase warrant in the capital of the Company. Each warrant will entitle the holder to purchase one additional common share of Continental Home Healthcare for $0.75 per common share for a two-year period from the closing date of the private placement. Mr. Robert Thornton, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , will be participating in the private placement, however, he will not receive any warrants. The proceeds of the private placement are being used for general working capital. Continental Home Healthcare Ltd. acquires, consolidates, and manages healthcare equipment retailers that provide equipment such as hospital beds, custom power and manual wheelchairs, scooters, bathroom safety products, ambulatory aids, respiratory products and aids for daily living sold to individuals and healthcare institutions. Branches are located in Glendale and Indian Wells, California Indian Wells is a city in Riverside County, California, in the Coachella Valley (Palm Springs area), in between Palm Desert and La Quinta. As of the 2000 census, the city population was 3,816. It has the highest proportion of millionaires of any city in the United States. ; Las Vegas, Nevada; Penticton and Vancouver, British Columbia. The Company's shares trade on the Toronto Stock Exchange under the symbol "CHT". |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion