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Certive Solutions Inc. — Capital/Financing Update 2020
May 28, 2020
46764_rns_2020-05-28_5f401199-6328-4e4e-9505-da9e1f12d1c7.pdf
Capital/Financing Update
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FOR IMMEDIATE RELEASE May 27, 2020
Certive Announces Debt Settlement and Option Grant
Scottsdale Arizona and Vancouver British Columbia - Certive Solutions Inc. (OTCQB:CTVEF CSE:CBP) (“Certive” or the “Company”), is pleased to announce the following:
Debt Settlement – Certive extended the previously announced Board-approved debt settlement program for past due amounts owed for professional services rendered to the Company by current employees, officers & directors of the Company for shares of Common Stock based on a deemed value of US$0.14 per share. The amount of debt settled by the Company was US$252,638 for 1,804,558 shares of Certive’s Common Stock.
Issuance of Stock Options – Certive is also pleased to announce that the Board has approved the recommendation of the Governance, Compensation and Nominations Committee to grant an aggregate of 400,000 stock options to various Independent Directors and Advisory Council members. Such options are exercisable into 400,000 common shares of the Company at a price of CDN$0.05 per share for a ten-year term. 200,000 of the stock options were granted to the Independent Directors and they vest after one year of Board service. The remaining 200,000 stock options were granted to an Advisory Council member in recognition of consulting services rendered to the company and only vest if the share price achieves US$0.30 on a volume weighted basis for a 45-day period prior to January 29, 2021. These 400,000 total stock options are granted under the Company’s incentive stock option plan, which is annually approved by the shareholders, most recently in conjunction with the March 11, 2020 Annual General Meeting of the shareholders.
For more information regarding this announcement, please visit our website at https://certivehealth.com/ or contact Certive directly at (480) 922-5327.
Scott Thomas Investor Relations, Certive Solutions Inc. [email protected]
About Certive Solutions Inc.
Certive Solutions Inc. (Scottsdale, Arizona) provides revenue cycle management solutions to the U.S. healthcare market through its wholly owned U.S. operating subsidiary, Certive Health Inc. (Certive Health). Certive Health's claim audit and recovery services, billing services, and software solutions help providers work with payers to efficiently manage the reimbursement process and improve financial performance. Certive Health's highly skilled and experienced management team, combined with proprietary workflow and analytics, audit, identify, bill and collect missed charges in accordance with contractual obligations between the public or commercial insurance carrier and the designated provider. The healthcare market is changing. Certive Health works with clients to provide efficient and effective solutions aligned with reform initiatives to improve healthcare and reduce costs.
Certive Solutions Inc. | 480-922-5327 | 7373 E. Doubletree Ranch Road | Suite 210 | Scottsdale AZ | 85258
FORWARD-LOOKING STATEMENTS
Statements contained in this report that are not statements of historical fact are intended to be and are hereby identified as “forward-looking statements” for purposes of the safe harbor provided by the Reform Act. Generally, forward-looking statements include expressed expectations of future events and the assumptions on which the expressed expectations are based. All forwardlooking statements are inherently uncertain as they are based on various expectations and assumptions concerning future events and they are subject to numerous known and unknown risks and uncertainties which could cause actual events or results to differ materially from those projected. Due to those uncertainties and risks, the investment community is urged not to place undue reliance on written or oral forward-looking statements of Certive Solutions Inc. The Company undertakes no obligation to update or revise this Safe Harbor Compliance Statement for Forward-Looking Statements (the “Safe Harbor Statement”) to reflect future developments. In addition, Certive undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
Certive Solutions Inc. | 480-922-5327 | 7373 E. Doubletree Ranch Road | Suite 210 | Scottsdale AZ | 85258 2