CALGARY,
AB, May 27, 2022 /CNW/ - Comprehensive
Healthcare Systems Inc. (TSXV: CHS) (the "Company" or
"CHS"), is pleased to announce that it has received
conditional TSX Venture Exchange (the "TSXV") approval to
issue common shares of the Company to Lion Park Capital ("Lion
Park Capital") for services rendered pursuant to a corporate
services agreement between the Company and Lion Park (the "Corporate Services
Agreement"). Lion Park is a
Non-Arms Length Party (as defined in the TSXV Policy 1.1 -
Interpretation) to the Company. Mohammad Fazil, a director of the Company, is
the president, founder and sole owner of Lion Park. Lion Park provided certain services including
but not limited to administrative, accounting and marketing
services (the "Services") to the Company in connection with
the reverse takeover transaction that closed on September 29, 2021 between the Company (formerly,
Greenstone Capital Corp.), Comprehensive Healthcare Systems Inc.,
and Greenstone Capital USA Inc
(the "Reverse Takeover Transaction").
The Company will issue 1,200,000 common shares for the Services
provided pursuant to the Corporate Services Agreement at a deemed
price of $0.15. The share issuance to
Lion Park received disinterested shareholder approval on
May 2, 2022. The common share
issuance was previously disclosed in the Company's Filing Statement
regarding the Reverse Takeover Transaction dated September 28, 2021, a copy of which is available
on the Company's SEDAR profile. The issuance of the common shares
for the Services provided does not result in the dilution or change
in shares currently issued and outstanding of the
Company.
About Comprehensive Healthcare
Systems Inc.
Comprehensive Healthcare Systems Inc. is a corporation
incorporated under the laws of the Province of Alberta and is the parent company of
Comprehensive Healthcare Systems Inc. (Delaware). The Company is a vertically
integrated software as a services (SaaS) company focused on
digitizing healthcare with Telehealth and Healthcare Benefits
Administration solutions, providing reliable and high-volume
transaction capable systems. The Company's state of the art HPS
Novus Healthcare Welfare and Benefits Administration (HWBA) SaaS
platform is used by clients for all aspects of healthcare benefit
administration (including insurance companies, hospitals, doctors
and labor unions, through various corporation in which the majority
shareholder has controlling ownership), providing healthcare
administrative software, licensing and maintenance services.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Comprehensive Healthcare Systems Inc.
