VANCOUVER, Nov. 4, 2019 /CNW/ - WELL Health Technologies
Corp. (TSX.V: WELL) (the "Company" or "WELL"), a
company focused on consolidating and modernizing clinical and
digital assets within the primary healthcare sector, announces,
further to its news release dated November
1st, 2018, the Company paid $96,789 in cash and intends to issue an aggregate
of 16,754 shares in accordance with the acquisition agreements
whereby the Company acquired all of the issued and outstanding
shares of 13 target companies operating an aggregate of 13
Healthcare Clinics in British
Columbia.
The issuance of the shares is subject to the approval of the TSX
Venture Exchange (the "TSXV"). The shares will be subject to
a statutory hold period expiring on the date that is 4 months and
one day after the payment date.
WELL HEALTH TECHNOLOGIES CORP.
Per: "Hamed
Shahbazi"
Hamed Shahbazi
Chief Executive Officer, Chairman and Director
About WELL
WELL is a unique company that operates Primary Healthcare
Facilities as well as a significant EMR or Electronic Medical
Records business that supports the digitization of such clinics.
WELL wholly owns nineteen medical clinics, is a majority owner of
one clinic and provides digital Electronic Medical Records (EMR)
software and services to approximately 852 medical clinics across
Canada. WELL's overarching
objective is to empower doctors to provide the best and most
advanced care possible while leveraging the latest trends in
digital health. WELL is publicly traded on the TSX Venture Exchange
under the symbol "WELL.v". WELL was recognized as a TSX Venture 50
Company in 2018 and 2019.
Forward-Looking Statements
This news release contains forward-looking information that
involves various risks and uncertainties regarding future events.
Such forward-looking information can include without limitation
statements based on current expectations involving a number of
risks and uncertainties and are not guarantees of future
performance of WELL, such as statements that WELL intends to make
the Shares for Debt filing. There are numerous risks and
uncertainties that could cause actual results and WELL's plans and
objectives to differ materially from those expressed in the
forward-looking information, including: (i) adverse market
conditions; or (ii) the TSXV not approving the Shares for Debt
filing. Actual results and future events could differ materially
from those anticipated in such information. These and all
subsequent written and oral forward-looking information are based
on estimates and opinions of management on the dates they are made
and are expressly qualified in their entirety by this notice.
Except as required by law, WELL does not intend to update these
forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE WELL Health Technologies Corp.