VANCOUVER, BC, Nov. 26, 2021 /CNW/ - CARESPAN HEALTH,
INC. (formerly Dynamo Capital Corp.) (TSXV: CSPN)
("CareSpan" or the "Company") is pleased to announce
that, subject to the approval of the TSX Venture Exchange (the
"TSX-V"), it has engaged the services of Generation IACP
Inc. ("Generation") to provide services as a market maker in
accordance with the TSX-V policies. Generation will trade
common shares in the capital of CareSpan on the TSX-V with the
primary objective of contributing to market liquidity of CareSpan's
common shares. Generation's market making activity will seek to
correct temporary imbalances in the supply and demand of the
CareSpan's shares.
Pursuant to the Issuer Trading Services Agreement entered into
between CareSpan and Generation (the "Agreement"), CareSpan
shall pay Generation a fee of C$7,500, plus applicable
taxes, per month. Commencing on the first anniversary of the
agreement, the fee payable to Generation will automatically
increase annually by 3.0%. The Agreement between the Company and
Generation is for an initial term of six (6) months and shall be
automatically renewed for subsequent six (6) month periods
(collectively, the "Term"), unless the Company provides
written notice of termination to Generation at least 30 days prior
to the end of the Term or Generation provides a written notice of
termination to the Company. There are no performance factors
contained in the Agreement. Additionally, Generation will not
receive common shares, options, or any other form of equity-based
compensation as payment. Generation will be responsible for the
costs it incurs in buying and selling the Company's shares, and no
third party will be providing funds or securities for the market
making activities.
About Generation IACP Inc.
Generation is based in Toronto,
Ontario, and is an independently held and registered broker
and member of the Investment Industry Regulatory Organization of
Canada, the TSX-V, the Canadian
Securities Exchange, and the NEO Exchange, and is a Participating
Organization, as such term is defined in the rules and policies of
the Toronto Stock Exchange.
Generation is an arm's length party to the Company.
About CareSpan Health, Inc.
CareSpan is a healthcare technology and services company.
CareSpan, with its head office in British
Columbia, is the parent company of the CareSpan group, which
holds a 100% interest in its operating subsidiary, CareSpan
Holdings, Inc., a Delaware
incorporated company.
CareSpan's proprietary "Clinic-in-the Cloud" is a clinical
workflow driven platform designed by doctors that integrates remote
patient monitoring, diagnostic tools, the patient's electronic
health record, care collaboration capabilities, patient engagement
and e-prescribing and lab ordering. CareSpan's platform seamlessly
supports both in-person and virtual/telehealth care. CareSpan is
using this platform combined with essential business services to
build provider networks across the U.S. that deliver primary and
chronic care, and urgent care as well as behavioral health
care.
Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management's
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. The Company cautions that all
forward-looking statements are inherently uncertain and that actual
performance may be affected by a number of material factors, many
of which are beyond the Company's control. Such factors include,
among other things: risks and uncertainties relating to general
business, economic, competitive, political and social
uncertainties; and the delay or failure to receive board,
shareholder or regulatory approvals. Accordingly, actual and future
events, conditions and results may differ materially from the
estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required
under applicable securities legislation, the Resulting Issuer
undertakes no obligation to publicly update or revise
forward-looking information.
The forward-looking statements contained in this news release
are made as of the date of this news release. Except as
required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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 CareSpan Health, Inc.