Continental Home Healthcare Completes Private Placement.Business Editors GLENDALE, Calif.--(BUSINESS WIRE)--April 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 reported that the final tranche of the private placement announced March 20, 2001, consisting of 700,000 Units and 700,000 common shares for aggregate proceeds of $700,000 ($0.50 per Unit and $0.50 per common share), has been completed and the shares and warrants have been issued. Each Unit consists of one common share priced at $0.50 each and one warrant entitling the holders thereof to purchase one additional common share at a price of $0.75 each until March 30, 2003. 700,000 Units and 252,839 common shares issued pursuant to the offering are subject to a 12-month hold period. The proceeds of the private placement are being used for general working capital. The Company also reports that it has granted, to a total of 95 individuals, incentive stock options to purchase up to an aggregate of 372,500 common shares at a price of $0.63 per share until April 20, 2006. These options have been granted in accordance with the terms of the Company's stock option plan. 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 Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , Nevada; Penticton and Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography . 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". The Company has 12.9 million shares outstanding and 15.7 million fully diluted. If you wish to receive company press releases via email, please advise Christina Osler at Christina@humekieran.on.ca. |
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