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BIG DEAL: Assure Holdings Corp. closes US$10.5 million Private Placement from Institutional Investors

Dec 02, 2020

Big Deal - High Fives

Assure Holdings Corp. ("Assure" or the “Company”)(TSXV: IOM; OTCQB: ARHH), a provider of intraoperative neuromonitoring services, closed a US$ 10.5 million brokered private placement from US institutional investors (the "Offering"). As part of the Offering, Assure issued 16,357,703 units (each, a “Unit” and collectively, the “Units”) at a price of US$0.64 per Unit. Each Unit consisted of one common share in the capital of Assure (each, a “Common Share” and collectively, the “Common Shares”) and one common share purchase warrant (each, a “Warrant” and collectively, the “Warrants”). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of US$0.78 for a period of five years from the date of issuance. The Offering was led by The Benchmark Company, LLC, a leading healthcare-focused US investment bank.

Minden Gross LLP acted for Assure with a team led by Andrew Elbaz (Partner), Alexander Katznelson (Associate), and Darren Nguyen (Associate) from Minden Gross LLP's Securities and Capital Markets Group

Read the media release here:
https://www.globenewswire.com/news-release/2020/12/02/2138283/0/en/Assure-Holdings-Announces-Closing-of-US-10-5-Million-Institutional-Investor-Private-Placement.html

Image: Andrew Elbaz - Securities and Capital MarketsImage: Alexander Katznelson, Business Law LawyerImage: Darren Nguyen, Business Law Lawyer