Comprehensive Healthcare Systems Inc. Announces Non-Brokered Private Placement and Shares for Debt Settlement

Group 1 - Comprehensive Healthcare Systems Inc. (CHS) announced a non-brokered private placement of up to 7,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $3,500,000 [1][2] - Each unit consists of one common share and one-half of a warrant, with whole warrants allowing the purchase of one common share at an exercise price of $1.00 for three years, subject to accelerated expiry conditions [2] - The proceeds from the offering will be utilized for general working capital [2] Group 2 - The company plans to conduct a securities for debt transaction to settle up to US$893,250 (approximately C$1,232,685) in liabilities through the issuance of up to 2,465,369 common shares at a price of $0.50 per share [3] - Completion of the offering and the settlement is subject to customary closing conditions, including necessary approvals from the TSX Venture Exchange [4] - All securities issued will be subject to hold periods under applicable securities laws, and the company may pay finder fees in compliance with applicable laws [4] Group 3 - Comprehensive Healthcare Systems Inc. is a vertically integrated SaaS company focused on digitizing healthcare with solutions for healthcare benefits administration [6] - The company's Novus 360 Healthcare Welfare and Benefits Administration platform is utilized by clients for various aspects of healthcare benefits administration [6]