19:11:05 EST Mon 30 Jan 2023
Enter Symbol
or Name
USA
CA



Global Care Capital Inc
Symbol HLTH
Shares Issued 393,896,196
Close 2022-12-06 C$ 0.005
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Global Care closes MK Highway acquisition

2022-12-06 23:04 ET - News Release

Mr. Hugh Maddin reports

GLOBAL CARE CAPITAL ANNOUNCES CLOSING OF ACQUISITION OF MK HIGHWAY CORP

Further to the news release dated Nov. 30, 2022, Global Care Capital Inc. has completed the acquisition of all of the issued and outstanding securities in the capital of MK Highway Corp. pursuant to the terms and conditions of a share purchase agreement dated Nov. 29, 2022, among the company, MK Highway and the shareholders of MK Highway.

MK Highway holds an option to acquire 100-per-cent membership interests of Lavrium LLC, a Delaware limited liability company, pursuant to the terms and conditions of an option agreement, as amended, among MK Highway, Lavrium and the members of Lavrium.

In connection with closing of the transaction and pursuant to the terms of the share purchase agreement and on the closing date, Global Care issued to MK Highway shareholders an aggregate of 216 million common shares of Global Care at a deemed price of five cents per consideration share and an aggregate of 108 million common share purchase warrants. Each consideration warrant permits the holder thereof to acquire one Global Care common share at a price equal to five cents for a period of 24 months from the date of issuance. There is no hold period for the consideration shares or the consideration warrants pursuant to applicable securities laws.

The transaction is an arm's-length transaction, and no change in management or the board of directors of Global Care is being contemplated at this time. The company plans to exercise the option pursuant to the terms of the amended option agreement to acquire 100-per-cent membership interests of Lavrium.

About MK Highway Corp.

MK Highway (MKHC) is a digital asset company. MKHC's business focuses on digital asset mining, with a complete infrastructure for, and demonstrated history of, profitable bitcoin mining strategies. MKHC's profitable bitcoin mining rests on an architecture that includes cost-effective miner acquisition, competitive hosting and electricity rates, digital asset treasury management, and fiat on- and off-ramps -- the combination of which makes MKHC a complete framework for mining bitcoin (or any digital asset based on the SHA-256 algorithm).

About Global Care Capital Inc.

Global Care is a global investment company which specializes in providing early-stage financing to private and public companies. The company engages in new, early-stage investment opportunities in previously underdeveloped assets and obtaining positions in early-stage investment opportunities that adequately reflect the risk profile.

We seek Safe Harbor.

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