Global Healthcare Investments & Solutions, Inc. ("GHIS") Increases holding in Alegro Health Corp. ("ALEGRO")



    TORONTO, June 2 /CNW/ - GHIS announced today that it has purchased units
("Units") of Alegro by way of private placement. Each Unit consists of one
common share (each a "Common Share") and one common share purchase warrant (a
"Warrant"). GHIS acquired 20,500,000 Common Shares and 20,500,000 Warrants,
representing 33.9% of the 60,415,095 issued and outstanding Common Shares on a
non-diluted basis, after giving effect of the private placement. The Units
were purchased for cash consideration of $0.33 per Unit for aggregate proceeds
of $6,765,000.
    After giving effect to the purchase of Units, GHIS owns and controls a
total of 24,550,000 Common Shares, 20,500,000 Warrants and 500,000 stock
options of Alegro, representing approximately 40.6% of the 60,415,095 issued
and outstanding Common Shares on a non-diluted basis and 56% of the issued and
outstanding Common Shares on a fully-diluted basis), assuming only the
exercise of the Warrants and stock options held by GHIS.
    GHIS, together with entities controlled by shareholders of GHIS, now hold
approximately 53% of the 60,415,095 issued and outstanding Common Shares on a
non-diluted basis and 65% of the issued and outstanding Common Shares on a
fully-diluted basis, assuming only the exercise of the Warrants and stock
options held by GHIS.
    The transactions referred to above took place by way of private placement
and not through the facilities of any stock exchange or any other marketplace.
    GHIS acquired the Units pursuant to the transactions referred to above
for investment purposes only. GHIS may acquire additional securities if they
become available at prices that are attractive to GHIS.
    GHIS's address is 16236 San Dieguito Road, Suite 2-20, P.O. Box 9650,
Rancho Santa Fe, CA 92067, USA.





For further information:

For further information: please refer to the Early Warning Report posted
on SEDAR or contact Brenda Rasmussen, President and CEO, Alegro

Organization Profile

GLOBAL HEALTHCARE INVESTMENTS & SOLUTIONS, INC

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890