P2P Increases Private Placement
01 Septiembre 2009 - 8:41AM
Marketwired Canada
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
P2P Health Systems Inc. (NEX:PTP.H) (the "Company") is pleased to announce that,
subject to regulatory approval, it has increased its previously announced (June
3, 2009) non-brokered private placement (the "Private Placement") by an
additional 3,750,000 subscription receipts from up to 15,000,000 subscription
receipts to up to 18,750,000 subscription receipts for additional gross proceeds
of up to $300,000 (aggregate proceeds of up to CAN$1,500,000). All other terms
of the Private Placement, as previously announced on June 3, 2009, remain the
same.
The gross proceeds from the Private Placement will be held in escrow and will be
released to the Company upon completion of the Company's change of business as
described in the June 3, 2009 news release. If the change of business does not
occur, the proceeds from the Private Placement will be returned to purchasers
and the subscription receipts will be cancelled. The Company anticipates that
the Private Placement will close on or about September 10, 2009.
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