VANCOUVER, BC, May 3, 2023
/CNW/ - CareSpan Health, Inc. (TSXV: CSPN) (the
"Company" or "CareSpan"), announces that the filing
of its audited annual financial statements for the year ended
December 31, 2022, including the
related management discussion and analysis, and Chief Executive
Officer and Chief Financial certifications (collectively, the
"Annual Financial Filings") will not be filed by the
required filing deadline of May 1,
2023 (the "Filing Deadline"). The two-week
extension is due mainly to an unforeseen later start in scheduling
of audit-related activities. The Company, working diligently with
its auditors, anticipates that it will be in a position to file the
Annual Financial Filings the week of May 15,
2023.
Pursuant to National Policy 12-203 Management Cease Trade
Orders ("NP 12-203"), the Company has voluntarily
applied to the applicable securities regulatory authorities and
received a management cease trade order related to the Company's
securities to be imposed against the Chief Executive Officer and
Chief Financial Officer of the Company to trade securities of the
Company (the "MCTO"). The MCTO will be in effect until the
Annual Financial Filings are filed. All other securityholders
will still be able to trade in the securities of the Company in
accordance with applicable securities laws.
Until the Annual Financial Filings are filed and the MCTO has
been revoked, the Company intends to continue to satisfy the
provisions of the alternative information guidelines specified in
NP 12-203 by issuing default status reports in the form of further
press releases every two weeks.
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
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.