Good2Go2 and Canadian Teleradiology Services’ $3 Million Private Placement Offering

Fasken advised Mackie Research Capital Corporation, Canaccord Genuity Corp. and Industrial Alliance Securities Inc. on the operation.

Good2Go2 Corp., a capital pool company, and Canadian Teleradiology Services, Inc. which provides teleradiology services to Canadian hospitals including reading medical imaging procedures using computer-processed combinations computed tomography CT scan, Magnetic Resonance Imaging MRI, Ultra Sound, and X-ray on an around the clock basis providing reporting and workflow solutions via secured server according to client hospital needs, closed a private placement offering.

The Offering of subscription receipts was completed at a price of $0.45 per Subscription Receipt for approximately $3 million in aggregate gross proceeds to the Company (including approximately $500,000 to be satisfied in kind through the cancellation of a payment obligation of the Company).

Good2Go2 Corp. operates as a capital pool company. The Company focuses on the identification and evaluation of businesses and assets with a view to completing a qualifying transaction. Good2Go2 serves customers in Canada.

Canadian Teleradiology Services, Inc. provides diagnostic and imaging equipment. The Company provides teleradiology services (remote radiology) using licensed IT platforms and hosted servers and assist hospital’s emergency rooms and diagnostic imaging departments to provide 24/7 coverage and emergency on-call services.

The Fasken team was led by John Sabetti (Picture) and including Alex Nikolic, Perry Feldman, and Laura Konkel, with tax assistance from Mitchell Thaw.

Involved fees earner: Perry Feldman – Fasken Martineau; Laura Konkel – Fasken Martineau; Alex Nikolic – Fasken Martineau; John Sabetti – Fasken Martineau; Mitchell Thaw – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: Canaccord Genuity; Industrial Alliance Securities Inc.; Mackie Research Capital Corporation;

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Author: Ambrogio Visconti