Premier Diversified Holdings Inc. plans to acquire C$130,000 of MyCare MedTech Inc. units, priced 35 cents apiece.
Each unit includes 1 MyCare MedTech class A common share and one half of a share purchase warrant. Each whole warrant will be exercisable to buy an additional MyCare MedTech share at 50 cents until Dec. 31, 2018.
Premier Diversified will acquire the units in cash, using proceeds from a private placement offering. The units to be acquired, plus additional units acquired through a loan conversion, will bring Premier's holding to about 5,142,857 MyCare MedTech shares.
