Early Warning Reporting – Acquisition of Kovo HealthTech Corporation Shares
June 02 2021 - 10:19AM
Jeana K. Noble (the "
Acquiror"), Chief Compliance
Officer of Kovo HealthTech Corporation (“
Kovo” or
the “
Company”) (TSXV:KOVO), announces in
accordance with the requirements of National Instrument 62-103 -
The Early Warning System and Related Take-Over Bid and Insider
Reporting Issues and applicable Canadian securities legislation
(collectively, "
NI 62-103") that on May 31, 2021
she acquired beneficial ownership of an aggregate of 13,900,000
common shares of the Company (the "
Shares")
(inclusive of options to acquire 400,000 Shares on an as-converted
basis) pursuant to the terms of a merger agreement entered into by
and among the Company, MW Corp. and MedWorxs Inc. (the
"
Transaction"), as more particularly described in
the final long form prospectus of the Company dated May 26, 2021, a
copy of which is available on the Company's SEDAR profile at
www.sedar.com. Prior to the Transaction, the Acquiror beneficially
owned nil Shares, representing 0% of the Company's issued and
outstanding Shares. On May 31, 2021, the Acquiror acquired
beneficial ownership of 13,900,000 Shares (inclusive of options to
acquire 400,000 Shares on an as-converted basis), representing
approximately 38.28% of the Shares issued and outstanding
immediately after the completion of the Transaction on a fully
diluted basis, thereby triggering the requirement to file an early
warning report under NI 62-103.
While the Acquiror currently has no plans or
intentions with respect to the Shares, depending on market
conditions, general economic and industry conditions, trading
prices of the Shares, the Company's business, financial condition
and prospects and/or other relevant factors, the Acquiror may
develop such plans or intentions in the future and, at such time,
may from time to time acquire additional Shares, dispose of some or
all of the existing or additional Shares or may continue to hold
the Shares of the Company.
A copy of the early warning report filed by the
Acquiror will be available on the Company's SEDAR profile at
www.sedar.com or may be obtained by contacting Greg Noble at
1-866-558-6772. The Company's head office is located 6857 Timbers
Drive, Evergreen, Colorado, 80439, USA.
About Kovo HealthTech
Corporation Kovo is a leader in healthcare technology
and Revenue Cycle Management services. Kovo creates, acquires and
grows businesses to better the healthcare experience within the
patient encounter continuum. To learn more about Kovo and to keep
up-to-date on Kovo news, visit www.kovo.co
For more information:Greg
Noble, CEO investors@kovo.co1-866-558-6772
Debra Quinndeb@kovo.co1-866-558-6722
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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