MedX Health Corp announced a non-brokered private placement of up to 28,571,428 units at a price of CAD 0.07 per unit for the gross proceeds of CAD 1,999,999.96 on May 1, 2024. A Price Reservation Form for this proposed placement was filed with the TSXV on April 19, 2024. Each unit will be comprised of 1 fully paid common share and 1 Share Purchase Warrant, exercisable to purchase one further Common Share at the price of CAD 0.12, exercisable for a period commencing on the date of issue and expiring on December 31, 2026.

Closing of the Placement, which may take place in tranches, will be subject to receipt of subscriptions for a minimum of CAD 500,000 and a number of other conditions, including without limitation the receipt of all relevant regulatory and Stock Exchange approvals or acceptances. Qualified Agents may receive commissions in respect of subscriptions introduced by them by way of cash equal to 6% of funds so introduced. Warrants to be issued will have a Call feature, empowering the company to call the Warrants for exercise at any time while they are outstanding after January 1, 2026, if the average closing price of the company?s common shares on the market over a period of 20 trading days in any period of thirty consecutive trading days is at or above CAD 0.24.

The Call procedure provides that the company may give Notice to Exercise within 30 days, after which date any unexercised Warrants will become void.