/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED
STATES/
VANCOUVER, BC, Jan. 20,
2023 /CNW/ - CareSpan Health, Inc. (TSXV:
CSPN) ("Company" or "CareSpan"), announces that, further to
its news release dated October 11,
2022 and its news release dated November 9, 2022, the Company has issued 195,000
common share purchase options (the "Options", and each an
"Option") pursuant to the Company's stock option plan (the
"Plan").
The Company issued 195,000 Options to certain directors,
officers, employees, and consultants of the Company, who are
eligible to receive the Options under the Plan. Each Option grants
the holder the right to purchase one Common Share at a purchase
price of $0.13 per Common Share for a
period of 5 years from the date of issue. Accordingly, the Options
expire January 20, 2028.
The Options shall vest according the following vesting schedule:
25% shall vest immediately upon issue; 25% shall vest upon the date
that is 6 months from the date of issue; 25% shall vest upon the
date that is 12 months from the date of issue; and the remaining
25% shall vest upon the date that is 18 months from the date of
issue.
Additionally, upon receipt of the necessary U.S. regulatory
approvals, the Corporation intends to issue up to an additional
40,000 Options of the Company. The Options to be issued shall be on
the same terms described above.
The grant of the Options is subject to the approval of the TSX
Venture Exchange.
About CareSpan Health
CareSpan is a healthcare technology and services company that
has developed and deployed a unique, proprietary integrated digital
care platform, the CareSpan Clinic-in-the Cloud™, that creates easy
access to care for the underserved. With a patient-centric approach
focused on improving health outcomes, CareSpan uses sophisticated
digital tools and capabilities to improve patient outcomes in
primary care, chronic care, urgent care, and mental health. In
addition to the integrated digital care platform, CareSpan has
built and deployed a business support infrastructure for its
professional networks, American-Advanced Practice Network and
AmericanMedPsych Network. American-Advanced Practice Network
harnesses the clinical capabilities of Nurse Practitioners to
address the shortage in primary and chronic care in the country.
American-MedPsych brings together providers to tackle shortages
mainly in mental health.
Clinic-in-the-Cloud is a trademark of CareSpan USA Inc., a subsidiary of CareSpan Health,
Inc.
ON BEHALF OF THE BOARD OF DIRECTORS:
"Rembert de
Villa"
Rembert de
Villa
Chief Executive Officer
For more information, visit: www.carespanhealth.com
NOT FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. THIS NEWS RELEASE DOES NOT
CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY
ANY OF THE SECURITIES IN THE UNITED
STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE
REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE "U.S.
SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND
MAY NOT BE OFFERED OR SOLD WITHIN THE
UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE
U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN
EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. THIS NEWS RELEASE
DOES NOT CONSTITUTE AN OFFER OR SALE OF SECURITIES IN THE UNITED STATES.
Forward-Looking Statements
Disclaimer
This press release contains forward-looking statements.
Forward-looking statements can be identified by the use of words
such as, "subject to", or variations of such words and phrases or
state that certain actions, events or results "may" or "will" be
taken, occur or be achieved. Forward-looking statements include
statements with respect to receiving regulatory and exchange
approvals with respect to the grant of the Options, and the grant
of the Options to Mr. de Villa. Forward-looking statements are
based on assumptions, but the actual results may be materially
different from any future expectations expressed or implied by the
forward-looking statements. The forward-looking statements can be
affected by known and unknown risks, uncertainties and other
factors, including, but not limited to, the equity markets
generally and a failure to obtain the necessary approvals from the
TSXV. Accordingly, readers should not place undue reliance on
forward-looking statements.
Except as required by law, CareSpan undertakes no obligation
to publicly update any forward-looking statements, whether as a
result of new information, future events or otherwise.
The TSX-V and its Regulation Services Provider have not
approved the contents of, nor taken responsibility for the adequacy
or accuracy of, this press release.
SOURCE CareSpan Health, Inc.