Visual Healthcare Corp. (OTC: VSHC) Announces Initial Capital Raise of up to $1 Million
June 19 2019 - 9:53AM
InvestorsHub NewsWire
Visual Healthcare Corp. (OTC: VSHC) Announces Initial Capital Raise
of up to $1 Million
Sets Timeframe for
First Acquisition
Houston, TX -- June 19, 2019 -- InvestorsHub NewsWire -- Visual
Healthcare Corp. (OTC PINK: VSHC) announced today it has received
signed subscription agreements and commitments for approximately
half of its friends and family capital raise of up to $1 million.
The Company is offering up to half of its Series B Preferred Stock
at $2.00 per share. Each share may be converted to 100 shares of
the Company’s common stock, resulting in an equivalent price of
$0.02 per share of common stock. The shares carry a restriction
period of two (2) years. The Company plans to sell the rest of its
Series B Preferred Stock at no less than $5.00 per share ($0.05 per
share of common stock equivalent) at some point in the future.
Mr. Linh Nguyen, CEO, states, “We have been extremely pleased
with the level of interest from friends and family for our first
capital raise. At this point, we have commitments for over half of
our primary raise. We appreciate the overwhelming interest in the
company from those closest to us. We look forward to growing a
great company for all of our stakeholders in the future.”
This first capital raise will provide the Company with enough
capital to cover the costs associated with completing our initial
mergers and the necessary regulatory requirements of being public.
By utilizing our preferred stock, the Company not only avoids
over-priced financing, which can be the downfall of many OTC
companies, but also allows these shares to be owned by those with a
longer-term outlook on the Company.
The Company is currently finalizing its definitive purchase
agreement with Hi-Alloy Valve. We anticipate the closing to occur
within the next 30 days. This timeframe allows enough flexibility
for all necessary documents to be completed and filed so that
closing can occur smoothly without interrupting current business
operations.
The Company has also been in contact with FINRA regarding a
change in the Company name and trading symbol. We will be providing
updates as they occur along with interim updates via our official
Twitter account @LTNCap. Be sure to follow us.
About LTN Capital Ventures
LTN Capital invests in emerging growth companies in the energy,
oil & gas, renewables and industrial manufacturing
sectors. Our management team is comprised of executives with over
20 years of experience in the oil and gas industry and has executed
contracts with global reach. The company’s growth plan includes
organic growth through rapid expansion of services offered to
current customers as well as growth through acquisition roll-up of
complementary businesses in the energy sector.
To subscribe to company updates, please visit the Company's
website at www.ltncap.com -- also follow VSHC
at www.twitter.com/LTNCap.
About Hi-Alloy Valve
Hi-Alloy Valve (“HAV”) is a leading supplier of valves for
various energy industries. The primary focus of the company is on
wellhead (API 6A upstream) and pipeline (API 6D midstream) valves
for the oil and gas industry. HAV is a certified ISO 9001 and API
Q1 company that serve the global energy market by delivering high
quality valves with exceptional turnaround time.
For more information about Hi-Alloy Valve visit -
?www.hialloyvalve.com or contact the Company directly at
1-713-856-9777. Make sure to follow the company on Twitter
at www.twitter.com/hialloyvalve.
Contact Information
VSHC Shareholder/Investor inquiries can be directed
to:
LTN Capital Ventures
1-713-849-1300
investors@ltncap.com
Safe Harbor Statement – In addition to historical information,
this press release may contain statements that constitute
forward-looking statements within the meaning of the Securities Act
of 1933, as amended, and the Securities Exchange Act of 1934,
as amended by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements contained in this press release include
the intent, belief or expectations of the Company and members of
its management team with respect to the Company’s future business
operations and the assumptions upon which such statements are
based. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future
performance, and involve risks and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. Factors that could cause these
differences include, but are not limited to, failure to complete
anticipated sales under negotiations, lack of revenue growth,
client discontinuances, failure to realize improvements in
performance, efficiency and profitability and adverse developments
with respect to litigation or increased litigation costs, the
operation or performance of the Company’s business units or the
market price of its common stock. Additional factors that would
cause actual results to differ materially from those contemplated
within this press release can also be found on the Company’s
website. The Company disclaims any responsibility to update any
forward-looking statements.