Vancouver, British Columbia / TheNewswire / December 8, 2016 - Radiant Health Care Inc. (the "Company" or "Radiant") announces that it will be consolidating its issued and outstanding common shares on the basis of five (5) old shares for one (1) new share (the "Consolidation"), with an effective date of on or about December 20, 2016.

 

Any fractional shares resulting from the Consolidation will be (i) rounded up to the next whole share if such fractional share is equal to or greater than one-half of a share; and (ii) rounded down to the next whole share if such fractional share is less than one-half of a share.

 

The Consolidation will result in the number of issued and outstanding common shares without par value of the Company being reduced from 7,669,287 common shares to approximately 1,533,857 common shares.  

 

The Company's board of directors believes that the Consolidation will provide the Company with greater flexibility for the continued development of its business and the growth of the Company.

 

Subsequent to the Consolidation, registered shareholders will receive a letter of transmittal from Computershare Investor Services Inc. ("Computershare"), the transfer agent for the Company's common shares, describing the process by which shareholders may obtain new certificates representing their post-consolidation common shares.  Shares held in uncertificated form by non‑registered shareholders through brokerage accounts will be converted through each shareholder's brokerage accounts.  Non-registered shareholders should consult their broker for further information.

 

About Radiant

 

Radiant is a BC-based company focused on the healthcare sector.  Currently, the principal business of the Company is the identification, evaluation, and acquisition of interests in healthcare assets and businesses, with a focus on the Canadian medical cannabis sector.

 

On Behalf of the Board of Directors

 

Brett Walker

President & Chief Executive Officer

For further information, please contact:

 

Brett Walker

President & Chief Executive Officer

(604) 366-7460

Forward-Looking Statements:

 

This news release includes certain statements that constitute "forward-looking information" within the meaning of applicable Canadian securities laws.  Readers are cautioned that forward-looking statements are not guarantees of future performance or events and, accordingly are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty of such statements.  Statements in this news release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations and orientations regarding the future.  Often, but not always, forward looking statements can be identified by words such as "pro forma", "plans", "expects", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. Such forward-looking statements include, among others, statements as to the anticipated business plans and timing of future activities of the Company, including the completion of the Consolidation and the effect of the Consolidation on the Company's ability to arrange future financings.  Actual results could differ from those projected in any forward-looking statements due to numerous factors.  Such factors include, among others, the change of business focus of the management of the Company, the inability of the Company to pursue its current business objectives due to lack of financing, the ability to retain key personal, government and regulatory developments, including the availability of the requisite licenses, the adequacy of the Company's intellectual property protection, the Company's future patent approvals, potential infringement of the Company's intellectual property, or otherwise.  These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in these forward-looking statements.  Although the Company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that those beliefs, plans, expectations, or intentions will prove to be accurate.  Readers should consider all of the information set forth herein and should also refer to the risk factors disclosed in the Company's periodic reports filed from time-to-time with Canadian securities regulators.  These reports and the Company's public filings are available at www.sedar.com.