VANCOUVER, BC, May 19, 2023
/CNW/ - CareSpan Health, Inc. (TSXV: CSPN) (the
"Company" or "CareSpan"), is providing an update with
respect to the expected timeline for filing its audited annual
financial statements for the year ended December 31, 2022, the related management's
discussion and analysis and certificates of its CEO and CFO
(collectively, the "Required Documents") and its previously
announced management cease trade order ("MCTO") issued by
the Company's principal regulator, the British Columbia Securities
Commission (the "BCSC"), on May 3,
2023.
The Company and its auditors continue to work diligently to file
the Required Documents as soon as they are available and the
Company presently anticipates being able to complete and file the
Required Documents on or around May 29,
2023.
As previously announced, pursuant to the MCTO, the Chief
Executive Officer and Chief Financial Officer of the Company may
not trade in securities of the Company until such time as the
Company files the Required Documents and the BCSC revokes the MCTO.
The MCTO does not affect the ability of other shareholders of the
Company to trade in securities of the Company.
Pursuant to the provisions of the alternative information
guidelines specified in NP 12-203, the Company confirms that, as of
the date of this news release: (a) there have been no material
changes to the information contained in the default announcement
issued on May 3, 2023
(the "Default Announcement") that would reasonably be
expected to be material to an investor; (b) there have been no
failures by the Company to fulfill its stated intentions with
respect to satisfying the provisions of the alternative reporting
guidelines under NP 12-203; (c) there has not been, nor is there
anticipated to be, any specified default subsequent to the default
which is the subject of the Default Announcement; and (d) there is
no other material information concerning the affairs of the Company
that has not been generally disclosed.
About CareSpan Health
CareSpan is a healthcare technology and services company that
has developed and deployed a unique, proprietary integrated digital
care platform, the CareSpan Clinic-in-the Cloud™ that creates easy
access to care for the underserved. With a patient-centric approach
focused on improving health outcomes, CareSpan uses sophisticated
digital tools and capabilities to improve patient outcomes in
primary care, chronic care, urgent care, and mental health. In
addition to the integrated digital care platform, CareSpan has
built and deployed a business support infrastructure for its
professional networks, American-Advanced Practice Network and
AmericanMedPsych Network. American-Advanced Practice Network
harnesses the clinical capabilities of Nurse Practitioners to
address the shortage in primary and chronic care in the country.
American-MedPsych brings together providers to tackle shortages
mainly in mental health.
Clinic-in-the-Cloud is a trademark of CareSpan USA Inc., a subsidiary of CareSpan Health,
Inc.
ON BEHALF OF THE BOARD OF DIRECTORS:
"Rembert de
Villa"
Rembert
de Villa
Chief Executive Officer
For more information, visit: www.carespanhealth.com
The TSX-V and its Regulation Services Provider have not
approved the contents of, nor taken responsibility for the adequacy
or accuracy of, this press release.
SOURCE CareSpan Health, Inc.