HealthSpace Data Systems Ltd. said Vanbex Capital will invest C$1 million in the company through a private placement.
HealthSpace will issue Vanbex Capital 10 million of its shares for 10 Canadian cents per share. The company will also issue an additional 600,000 shares for a total issuance of 10,600,000 shares.
The private placement is subject to the approval of the Canadian Securities Exchange.
HealthSpace intends to use the net proceeds from the placement for general working capital and to support sales marketing efforts for new commercial enterprise markets as well as development of its blockchain technology.
