Global Care Capital Announces Definitive Agreement for Acquisition of Healthview Technologies

Global Care Capital Inc. a global investment company which engages in early stage investment opportunities in private and public companies, is pleased to announce that further to its press release of August 7, 2020 it has entered into a share exchange agreement dated September 8, 2020 (the “Definitive Agreement”), which sets out the terms and conditions for the acquisition by the Company of all of the issued and outstanding securities in the capital of Healthview Technologies Inc. (“Healthview”) in exchange for securities of Global Care (the “Transaction”).

Pursuant to the terms of the Definitive Agreement, the material terms of the Transaction are as follows:

• In consideration for the Transaction and on closing thereof, Global Care will issue an aggregate of 20,000,000 common shares of Global Care (the “Consideration Shares”) to Healthview shareholders at a deemed price of $0.09 per Consideration Share and issue to Healthview warrantholders an aggregate of 10,000,000 common share purchase warrants (the “Consideration Warrants”);
• Each Consideration Warrant permits the holder thereof to acquire one Global Care common share at a price equal to $0.05 until August 27, 2021;
• There is no hold period for the Consideration Shares or the Consideration Warrants pursuant to applicable securities laws;
• In addition, Global Care will issue up to an additional 20,000,000 common shares (the “Performance Shares”) if and when Healthview meets certain performance milestones on or before December 31, 2021; and
• 2,000,000 finders’ shares will be issued to an arm’s length finder in connection with the Transaction.

The Transaction is an arms-length transaction and no change in management, or the Board of Directors of Global Care is being contemplated at this time.  The Definitive Agreement contemplates other material conditions precedent to the closing of the Transaction, including, compliance with all applicable regulatory requirements and receipt of all necessary regulatory, corporate, third-party, board and shareholder approvals being obtained, including the approval of the Canadian Securities Exchange. There can be no assurance that the Transaction will be completed as proposed, or at all.

Alexander Somjen, CEO of Global Care, stated: “We are excited about the opportunity to bring Healthview under the Global Care umbrella.  Telehealth is an important and growing sector, especially given the current times.  Healthview’s virtual care platform will hopefully help fulfill growing employer demand for digital healthcare solutions for their workforce and prove complementary to Global Care’s existing health care related portfolio companies.”

About Healthview

Healthview aims to be a global disruptor in the mental health and wellness space. Healthview provides wellness support and mental health solutions and services to both employer firms and employees. As the population continues to work remotely and from home mental health and workplace wellness is becoming increasingly in more demand and more important than ever before. Healthview is an online solution and tool that employees and employment firms will be able to use to maintain wellness and provide support for staff.

About Global Care

Global Care Capital is a global investment company which specializes in providing early stage financing to private and public companies. The Company engages in new, early stage investment opportunities in previously underdeveloped assets and obtaining positions in early stage investment opportunities that adequately reflect the risk profile.

Website: https://globalcarecapital.com/

GLOBAL CARE CAPITAL CORP.: 

Company Contact: 
Alex Somjen, President & CEO
604-687-2038
info@globalcarecapital.com