(via TheNewswire)
The Offering consisted of 2,315,000 Units for total gross proceeds of
one common share and one-half of one common share purchase warrant, with each warrant entitling the holder thereof to acquire one common share at
In connection with the Offering, the Corporation paid eligible finders aggregate cash finders fees of approximately
The Corporation intends to use thegross proceedsofthe sale of the Units topay eligible finder fees to eligible finders, to advance the Corporation’sClinical Study related to its YMI machine-learning-based mental health clinical decision system and for general working capital purposes.
The Offering is subject to all necessary regulatory approvals including acceptance from the Exchange. All securities issued in connection with the Offering will be subject to a four-month plus one day hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside
As at this date, and including the Offering proceeds the Corporation has working capital of approximately
About YMI:YMI uses evidence-based, objective data from whole life experiences to predict individual mental states over time and applies this knowledge towards a fuller understanding of how mental health develops and to improve mental wellbeing. YMI combines machine-learning with a proprietary Reference Database that contains >1200 person’s genetic expressions, childhood environment, habits, phobias, lived experiences and lifestyle to generate a personalized graphic report predicting an individual’s predisposition toward a variety of common mental conditions, both current and forward in time.
For further information, pleasecontact:
Chief Executive Officer
Telephone: (403) 689-3901
Email:jimd@ndatalyze.com
nDatalyze Website: https://www.ndatalyze.com
YMI Website:https://ymihealth.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Corporation believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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