Leveljump Healthcare Corp. Acquires Additional 7.82% of Real Time Medical

Leveljump Healthcare Corp. Acquires Additional 7.82% of Real Time Medical

LevelJump Healthcare Corp. (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) ("Leveljump" or the "Company"), a Canadian leader in B2B telehealth solutions, is pleased to announce that, subject to regulatory approval and RTM board approval, it has agreed to acquire an additional 7.82% minority equity interest in Real Time Medical Inc. ("RTM"), a private Ontario company, in exchange for 1,335,961 units (a "Unit") of Leveljump. Each Unit will be issued at a price of $0.65 per Unit with each Unit being comprised of five (5) Leveljump common shares at a deemed price of $0.12 per share and one (1) share purchase warrant of Leveljump, each warrant entitling the holder to acquire one additional common share of Leveljump at a price of $0.35 per common share on or before December 31, 2023.

Upon the closing of the purchase Leveljump will own a 24.71% interest in RTM.

Closing of the RTM purchase is subject to the consent of the TSX Venture Exchange (the "Exchange") and the consent of the board of directors of RTM. For further information regarding the Company's interest in RTM, please see the Company's news release dated November 25, 2021.

All securities issued will be subject to a hold period of four months and one day pursuant to applicable securities laws.

In addition to the purchase of the RTM shares, the Company has agreed to purchase from the vendors a promissory note with a face amount of $100,000 and accrued interest of approximately $30,000. The Company will pay $50,000 to the note holder upon closing of the purchase of the RTM shares and the balance of the note principal and accrued interest on or before June 30, 2022.

About Leveljump Healthcare

LevelJump Healthcare Corp., (TSXV: JUMP) (OTCQB: JMPHF) (FSE: 75J) is a healthcare company with a focus on profitable telehealth solutions as well as primary care services in radiology. The Company's subsidiary, CTS, provides off-site radiology readings for hospital emergency rooms and is a leader in the teleradiology space in Ontario. As part of our growth strategy, we are acquiring healthcare companies that have strong revenue and cash flow, with room for organic growth.

ON BEHALF OF THE BOARD OF DIRECTORS OF
LevelJump Healthcare Corp.

Mitchell Geisler, Chief Executive Officer
info@leveljumphealthcare.com
(833) 840-2020

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, Canadian Teleradiology Services, Inc., their securities, or their respective financial or operating results (as applicable).

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108563

News Provided by Newsfile via QuoteMedia

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