By Devika Patel
Knoxville, Tenn., March 10 - QHR Technologies Inc. announced it will raise C$1.04 million in a non-brokered private placement of units.
The company will sell 1.6 million units of one common share and one half-share warrant at C$0.65 per unit. Each whole warrant is exercisable at C$0.75 for one year.
Proceeds will be used for general working capital and to reduce debt.
Based in Kelowna, B.C., QHR develops software for the health care industry and other markets.
| Issuer: | QHR Technologies Inc.
|
| Issue: | Units of one common share and one half-share warrant
|
| Amount: | C$1.04 million
|
| Units: | 1.6 million
|
| Price: | C$0.65
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$0.75
|
| Agent: | Non-brokered
|
| Pricing date: | March 10
|
| Stock symbol: | TSX Ventures: QHR
|
| Stock price: | C$0.79 at close March 9
|
| Market capitalization: | C$20.6 million
|
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