EGF THERAMED HEALTH CORP. EGF Theramed Health Corp. (CNSX:TMED) entered into a term sheet to acquire Reefer Keeper Delivery Corp. for CAD 0.96 million on August 15, 2022.
As per the terms of the transaction, EGF shall issue 8 million common shares of the EGF (“Common Shares”) and 8 million Common Shares purchase warrants with a term of two years and an exercise price of $0.05. Closing of the Transaction is subject to the negotiation and execution of definitive documentation, the satisfactory completion of due diligence and the receipt of all other necessary consents and approvals, among other conditions that are typical for a transaction of this nature. If a definitive agreement is signed, the Transaction is expected to close no later than August 31, 2022.
