06:42:17 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Global Care Capital Inc
Symbol HLTH
Shares Issued 648,746,196
Close 2023-02-15 C$ 0.005
Market Cap C$ 3,243,731
Recent Sedar Documents

Global Care completes first closing of Bishop Hill buy

2023-02-16 01:19 ET - News Release

Mr. Hugh Maddin reports

GLOBAL CARE CAPITAL ANNOUNCES INITIAL CLOSING FOR ACQUISITION OF BISHOP HILL HOLDINGS LTD.

Further to the news release of Jan. 25, 2023, Global Care Capital Inc. has completed the initial closing of the acquisition by the company of up to all of the issued and outstanding securities in the capital of Bishop Hill Holdings Ltd. pursuant to the terms and conditions of a share purchase agreement among the company, Carbon Canada Corp. and Bishop Hill, the wholly owned subsidiary of Carbon Canada, dated Jan. 20, 2023.

Pursuant to the terms and conditions of the share purchase agreement and in connection with the first closing, Global Care issued to Carbon Canada on the closing date 600 million common shares of Global Care at a deemed price of five cents per consideration share for the acquisition of a 60.44-per-cent interest in Bishop Hill.

In connection with the transaction and in consideration of the introduction to the company, the company has issued an arm's-length finder 45 million common shares of Global Care at a deemed price of five cents per finder's share.

The consideration shares and the finder's shares are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation ending on June 16, 2023.

Bishop Hill holds a 15-per-cent undivided interest in Titan Electricity Ltd. Titan holds global intellectual property rights to the Geo-Engines, a net-zero geothermal energy generation technology used for gas cleaning (sour gas), carbon dioxide sequestration and domestic energy supplies. Oil and gas companies using Titan's Geo-Engines can potentially cut on-site CO2 emissions to zero, help improve energy security, and break the reliance on coal and oil.

Global Care has the option, in its sole discretion, to acquire the remaining Bishop Hill shares for cash consideration of $19,636,500.17. Global Care may exercise the option at any time on or before Feb. 15, 2025. The company currently intends to exercise the option to acquire a 100-per-cent interest of Bishop Hill but is under no obligation to do so.

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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