It is anticipated that the purchase price payable by HEAL to the Company shall be CAD
Each of
It is currently anticipated that
HEAL has entered into an arrangement agreement with Pathway Health Corp. (TSXV: PHC)(
It is currently anticipated that the Proposed Transaction will close following the completion of the Arrangement and that the Consideration Shares issued to
For more information please contact:
On behalf of the board of directors,
Chief Executive Officer
Telephone: 416 710-0064
E-mail: yan@empatho.com
Forward-Looking Information and Statements
This press release contains statements which constitute "forward–looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities. Forward– looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions and include information regarding: (i) statements regarding the future direction of the Company (ii) the ability of the Company to successfully achieve its business and financial objectives, (iii) expectations for other economic, business, and/or competitive factors; and (iv) statements regarding the Proposed Transaction, including the closing of the Proposed Transaction, negotiation and execution of the Definitive Agreement, the assignment of the LOI or Definitive Agreement to Pathway, the expected terms of the Proposed Transaction, the number of securities of HEAL and Pathway that may be issued in connection with the Proposed Transaction, the completion of the Arrangement, the requirement to hold shareholder approval and the parties' ability to satisfy closing conditions and receive necessary approvals, including the approval of the CSE. Investors are cautioned that forward–looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward–looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward–looking information are the following: changes in general economic, business and political conditions, including changes in the financial markets; and in particular in the ability of the Company to raise debt and equity capital in the amounts and at the costs that it expects; the potential inability of the Company to continue as a going concern; risks associated with potential governmental and/or regulatory action with respect to the Company's operations; and other risks described in the Company's public disclosure documents filed on www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward–looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward–looking information except as otherwise required by applicable law.
The CSE has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved of the contents of this press release. Neither the CSE nor the Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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