EasyMed Services Inc. Announces Closing of Private Placement
(Marketwire Via Acquire Media NewsEdge) TORONTO, ONTARIO -- (Marketwire) -- 12/20/12 --
EasyMed Services, Inc. (CNSX: EZM)(OTCBB: EMYSF)(MUN: EY6) (the "Company" or "EasyMed") is pleased to announce that further to its news release of December 10, 2012, it has closed a non-brokered private placement of 1,470,588 units ("Units") at a price of Cdn. $0.85 per Unit for gross proceeds of up to Cdn. $1,250,000 (the "Offering").
Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one common share of EasyMed for a period of 24 months at an exercise price of $1.20.
All securities issued under the Offering will be subject to a 4 month hold period. Proceeds of the Offering will be used for general working capital purposes and to meet its obligations.
EasyMed CEO Tejinder Sahota noted, "We are pleased to have closed our private placement quickly and believe this shows continued confidence in EasyMed's business model as an emerging market leader in the growing field of mobile healthcare."
About EasyMed Services Inc.
EasyMed Services Inc. (CNSX: EZM)(OTCBB: EMYSF)(MUN: EY6) is a global medical information technology company delivering an end-to-end patient care solution through mobile phone, PDA and smartphone technologies. To learn more, please visit www.EasyMedMobile.com.
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. All dollars in this release are in Canadian funds.
This news release may contain forward-looking statements, which relate to future events or future performance, such as the continuing roll-out of the Company's primary product and the benefits of such products that may be realized by the Company's targeted customers, and reflect management's current expectations and assumptions about such future events or future performance. Forward-looking statements may also include, without limitation, any statement relating to future conditions or circumstances. These forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company and its management. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances or to reflect changes in the beliefs or opinions of the Company's management. The CNSX has not reviewed this release and therefore does not accept responsibility for the adequacy or accuracy of this release.
NEITHER CNSX EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
EasyMed Services, Inc.
Chief Financial Officer
Source: EasyMed Services Inc.
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