Continental Home Healthcare Closes $4 Million Debenture Financing.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--May 23, 2002 Continental Home Healthcare Ltd. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : 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 Company has closed a $4 million subordinated debenture subordinated debenture An unsecured bond with a claim to assets that is subordinate to all existing and future debt. Thus, in the event that the issuer encounters financial difficulties and must be liquidated, all other claims must be satisfied before financing with the Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). Capital Corporation (BMOCC). As a part of the transaction, the Company will issue 4 million warrants to BMOCC, each entitling the holder to purchase a common share of the Company at a price of $1.00 per share. The warrants will have a five year term from the closing date. The proceeds will be used for the Company's acquisition program and to augment working capital, which will include increasing the Company's current inventory levels to support the expectation of another year of strong organic growth. 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; and Vancouver, British Columbia. The Company's shares trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "CHT". Current Company updates can be found at the web site: www.continentalhomehealth.com. If you wish to receive company press releases via email, please advise Christina Osler at christina@humekieran.com |
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