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PATHWAY HEALTH CORP. SIGNS NON-BINDING LETTER OF INTENT FOR PROPOSED BUSINESS ACQUISITION, RECAPITALIZATION AND DEBT RESTRUCTURING

Mount Equity Group Tokyo Japan > News > Business > PATHWAY HEALTH CORP. SIGNS NON-BINDING LETTER OF INTENT FOR PROPOSED BUSINESS ACQUISITION, RECAPITALIZATION AND DEBT RESTRUCTURING

TORONTO, Dec. 22, 2022 /CNW/ – Pathway Health Corp. (TSXV: PHC) (Frankfurt: KL1) (“Pathway” or the “Corporation”) is pleased to announce it has entered into a non-binding letter of intent dated December 16, 2022 (“LOI”) whereby it is proposed that Pathway will acquire all of the issued and outstanding common shares of each of HEAL Global Holdings Corp. (“HEAL”) and The Newly Institute Inc. (“The Newly”) from their respective shareholders, in exchange for common shares in the capital of Pathway (“Shares”) currently intended to be by way of an arrangement (“Proposed Transaction”) pursuant to a plan of arrangement under the Business Corporations Act (Alberta).  It is expected that a definitive agreement for the Proposed Transaction, if agreed, executed and delivered among the parties, will provide for the Proposed Transaction to be subject to all necessary TSX Venture Exchange (“Exchange”), court and shareholder (including, as…

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