The Company has sold 21,000,000 units in a non-brokered private placement, each unit consisting of one common share and one-half of one common share purchase warrant. One whole warrant entitles the holder to purchase one additional common share at
In addition, the Company is pleased to announce that it has closed the previously announced
The greenshoe option associated with the Unit private placement totals 15% of the amount raised in the private placement for an aggregate value of
With the closure of the Unit and Debenture financings the Company is now positioned to become a recognizable force in providing technology enabled revenue management solutions to U.S. hospitals. Certive's business provides revenue recovery solutions to hospitals in the collection of claims that have been denied by insurance providers.
Certive's cloud-based solutions utilize workflow technologies, on-site supervisory assistance, and clinical support from our strategic partners that increase both the speed and amount of revenue recovery for hospitals. Integrating patient clinical data and patient accounting records through our technologies is a key differentiator to successful recovery.
ON BEHALF OF THE BOARD OF DIRECTORS OF CERTIVE SOLUTIONS INC.
The forward-looking information contained in this press release is made as of the date of this press release and except as required by applicable law, the company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise. By its very nature, such forward-looking information requires the company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information. Neither the
FOR FURTHER INFORMATION PLEASE CONTACT:
Brian CameronChief Financial Officer Certive Solutions Inc.602-865-9356 firstname.lastname@example.org Source: Certive Solutions Inc.