CareSpan Health, Inc. announced a private placement of unsecured convertible loan for gross proceeds of $270,000 on April 14, 2023. The transaction includes participation from an insider of the company, William Bradford White for $120,000; Rembert de Villa, Chief Executive Officer and director of the Company for $100,000; and Icme Healthcare Gmbh for $50,000. The company will issue the term loan at an interest rate of 12% per annum.

Pursuant to the terms of the Loan, the Lenders have the option in the future to convert, fully or partially, the outstanding Loan and accrued interest into common shares in the capital of the Company.