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Opsens Inc. — Capital/Financing Update 2022
Dec 22, 2022
45794_rns_2022-12-22_53755d41-91f5-436a-aebf-1f731e282798.pdf
Capital/Financing Update
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FORM 51-102F3
MATERIAL CHANGE REPORT
1. Name and Address of Company
OPSENS INC. (“ OpSens ” or the “ Corporation ”) 750 Boulevard du Parc Technologique Québec, Québec G1P 4S3
2. Date of Material Change
December 22, 2022
3. News Release
A news release, in French and English versions, was issued through CNW Group on December 22, 2022.
4. Summary of Material Change
The Corporation announced the filing of preliminary base shelf prospectus.
5. Full Description of Material Change
5.1 Full Description of Material Change
The Corporation announced that it has filed and obtained a receipt for its preliminary short form base shelf prospectus (“ Preliminary Shelf Prospectus ”) with the securities regulatory authorities in each of the provinces of Canada (excluding the territories). Once a receipt for the final short form base shelf prospectus (“ Shelf Prospectus ”) has been obtained from the applicable Canadian securities regulatory authorities, the Corporation will be able to offer for sale and issue up to $50 million of common shares, subscription receipts, debt securities warrants and units, or any combination thereof (collectively, the “ Securities ”) from time to time during the 25-month period during which the Shelf Prospectus remains valid. Should the Corporation decide to offer Securities during this period, the specific terms, including the use of proceeds from any offering of Securities, will be set forth in one or more related prospectus supplements to the Shelf Prospectus.
The Corporation has filed the Preliminary Shelf Prospectus to maintain financial flexibility and to have the ability to react quickly to market opportunities for raising additional capital by offering the Securities on an accelerated basis pursuant to the filing of prospectus supplements. However, there is no certainty any Securities will be offered or sold under the Shelf Prospectus within the 25-month period.
5.2 Disclosure for Restructuring Transactions
Not applicable.
6. Reliance on Subsection 7.1(2) of Regulation 51-102
Not applicable.
7. Omitted Information
Not applicable.
8. Executive Officer
For additional information, please contact: Mr. Louis Laflamme President, Chief Executive Officer and Interim Chief Financial Officer Phone: (418) 781-0333
9. Date of Report
December 22, 2022