In connection with the Acquisition, the Company issued 441,261 common shares in the capital of the Company (the "Shares") pursuant to the terms of debt settlement agreements entered into with certain holders of debt of Foundations (the "Debtholders"), at a deemed price per share equal to CAN$0.468 per Share. We look forward to integrating our team and operations with Novamind and benefiting from its deep expertise and infrastructure as we continue to serve a growing patient population." I would like to thank our patients, partners and community for their ongoing support over the years. Edelman commented: "Joining Novamind is the right fit for our team and aligns with our mission to provide innovative and compassionate mental healthcare. With the closing of the Acquisition, Foundations founder Jeff Edelman, MSN, APRN, PMHNP-BC, PMHCNS-BC, assumes the role of Medical Director at the Peoria and Phoenix clinic locations. "The Acquisition is an exciting opportunity for Novamind to expand the reach of our clinic network, bringing our model for innovative mental healthcare to a new market in Arizona." "We're thrilled to welcome the team from Foundations," commented Novamind CEO and Director, Yaron Conforti. ("Foundations"), a mental health practice specialized in ketamine-assisted psychotherapy. (CSE:NM)(OTCQB:NVMDF)(FSE:HN2) ("Novamind" or the "Company"), a leading mental health company specialized in psychedelic medicine, announces that, further to its press release dated December 23, 2021, it has closed its acquisition (the "Acquisition") of Arizona-based Foundations for Change, Inc. TORONTO, ON / ACCESSWIRE / Janu/ Novamind Inc. Any failure to comply with this restriction may constitute a violation of U.S. Newswire Services or for dissemination in the United States.
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