Home research company Think Research Corporation Announces Debt Settlement Actions

Think Research Corporation Announces Debt Settlement Actions


TORONTO, September 15, 2021 / CNW / – Think Research Corporation (TSXV: THNK) (“Think“or the”Society“), a company focused on transforming healthcare through digital healthcare software solutions, today announced that it has entered into an agreement with an arm’s length creditor of the Company (the”Creditor“) to settle a debt in the amount of $ 124,000 (the “Debt“) relating to advisory services provided to the Company by the creditor (the”Debt settlement agreement“).

TRC logo (CNW Group / Think Research Corporation)

Pursuant to and subject to the terms of the Debt Settlement Agreement, the Company will issue a total of 56,364 common shares (each a “”Ordinary share“) to the creditor at a deemed price of $ 2.20 by ordinary share, in settlement of the debt.

The issuance of the Common Shares to the Creditor under the Debt Settlement Agreement is subject to the approval of the TSX Venture Exchange. The common shares will be subject to a statutory resale restriction which will expire four months and one day from the date of issue in accordance with applicable securities laws.

About Think Research Corporation

Think Research Corporation is an industry leader in providing knowledge-based digital health software solutions. The company’s focused mission is to organize global health knowledge so that everyone receives the best care. Its evidence-based healthcare technology solutions support clinical decision-making, standardize care and improve patient outcomes. For more than a decade, Think’s cloud-based, EMR-independent digital tools have empowered clinicians around the world and positively impacted millions of patients across the continuum of care, including care. primary health care, acute care hospitals and surgical units, as well as the community and the elderly. care. Think is proud to be a trusted healthcare system partner for a rapidly growing global customer base spanning five continents and more than 2,800 healthcare facilities.

Caution regarding forward-looking information

Certain statements in this press release, other than statements of historical fact, contain “forward-looking information” within the meaning of Canadian securities laws and are based on certain assumptions and reflect the Company’s current expectations with respect to these questions. Forward-looking statements are provided for the purpose of helping the reader understand the Company and its business, operations, prospects and risks at any given time in the context of possible historical and future developments and the reader is cautioned that such statements may not not be suitable for other purposes. Statements containing forward-looking information are not historical facts, but rather represent management’s expectations, estimates and projections regarding future events or circumstances. This forward-looking information is necessarily based on a number of opinions, estimates and assumptions, including, but not limited to, the assumptions described under the section “Caution regarding forward-looking information” in the management report. of the Company for the three months ended June 30, 2021. These statements may include, but are not limited to, statements regarding the debt settlement agreement and the issuance of common shares to the creditor. Forward-looking statements include statements that are predictive in nature, depend on or refer to future events or conditions, or include words such as “expects”, “anticipates”, “plans”, “believes”, “believes” “,” Research “,” intentions “,” targets “,” projects “,” forecasts “,” committed “or negative versions of these and other similar expressions, or future or conditional verbs such as” can “,” Will “,” should “,” should “and” could “.

By their nature, this information is subject to inherent risks and uncertainties which may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that the assumptions may not be correct and that the objectives, strategic goals and priorities will not be achieved. A variety of factors, many of which are beyond the control of the Company, affect the operations, performance and results of the Company, and could cause actual results to differ materially from current expectations of events or estimated results. or anticipated. These factors include, but are not limited to: the impact or unintended impact of general economic, political and business factors in North America and internationally, fluctuations in interest rates, inflation and exchange rates, monetary policies, business investment and the health of local and global stock and capital markets, technological change, management of market liquidity and financing risks, risks associated with financial instruments, changes in accounting policies and methods used to report financial position (including uncertainties associated with material judgments, estimates and assumptions), the use of third-party services, the effect of applying future accounting changes, privacy and confidentiality risks, product and service defects, medical liability claims, trade competition, operational and reputational risks, technological changes, cybersecurity risks, changes in the government regulations and legislation, changes in tax laws, unexpected legal or regulatory proceedings, catastrophic events, man-made disasters, terrorist attacks, wars and other conflicts, or an epidemic of micro public health or other public health crises (such as COVID-19), the Company’s ability to complete strategic transactions, integrate acquisitions and implement other growth strategies, and the Company’s success in anticipate and manage the aforementioned factors.

The reader is urged to carefully consider these and other factors, uncertainties and potential events, and not to place undue reliance on forward-looking statements. The information contained in forward-looking statements is based on certain material assumptions that have been applied in reaching a conclusion or making a forecast or projection, including management’s perceptions of historical trends, current conditions and expected future developments, as well. that other considerations that are believed to be appropriate in the circumstances and that the list of factors in the preceding paragraph, collectively, should not have a significant impact on the Company. Although the Company considers these assumptions to be reasonable on the basis of information currently available to management, they may prove to be inaccurate.

Unless expressly required by applicable Canadian law, the Company does not undertake to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unforeseen events. whether as a result of new information, future events or results, or otherwise.

Additional information on the risks and uncertainties of the Company’s business and the material factors or assumptions on which the information contained in forward-looking statements is based is provided in its disclosure documents, including the latest annual information form filed by the Company. and any interim management report filed thereafter. , which are available under our profile on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information: https://www.thinkresearch.com/ca/investisseurs/

SOURCE Think Research Corporation



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