TORONTO, May 15, 2024 (GLOBE NEWSWIRE) — DiagnaMed Holdings Corp. (DiagnaMed or the Company) (CSE: DMED) (OTCQB: DGNMF), a healthcare expertise firm targeted on mind well being utilizing AI, is happy to announce that it’s arranging a non-public placement of a minimal of $400,000 and a most of $650,000 of items (every, a Unit), at a value of $0.04 per Unit; (the Offering). The Offering is being led by EMD Financial Inc.

Each Unit might be comprised of 1 widespread share (Common Share) within the capital of the Company and one (1) Common Share buy warrant (Warrant) of the Company. Each Warrant will entitle the holder thereof to amass one extra Common Share at a value of $0.05 for a interval of thirty-six (36) months from the time limit (the Closing Date) of the Offering.

There is an providing doc (the Offering Document) associated to the Offering that may be accessed underneath the Company’s profile at www.sedarplus.ca and on the Company’s web site at https://www.diagnamed.com. Prospective traders ought to learn the Offering Document earlier than investing resolution.

As disclosed within the Offering Document, the Company intends to make use of the web proceeds from the Offering for the analysis, improvement and commercialization of its BRAIN AGE ® Brain Health AI Platform, and for normal company and dealing capital functions.

In reference to the Offering, the Company can pay finder’s charges and subject finder’s warrants to EMD Financial Inc., in addition to every other registrant taking part within the Offering, consisting of: (i)  money finder’s charges of as much as 8% of the gross proceeds of the Offering; and (ii) finder’s warrants in an quantity equal to as much as 8% of the variety of Units issued pursuant to the Offering. Each finder’s warrant is exercisable into one widespread share at a value of $0.05 for a interval of thirty-six (36) months following the Closing Date.

The Units supplied as part of the Offering might be supplied to purchasers resident in all provinces of Canada, besides Québec, pursuant to the listed issuer financing exemption underneath Part 5A of NI 45-106 (the Listed Issuer Financing Exemption). The Company could subject as much as an combination of 16,250,000 Units for optimum combination gross proceeds of $650,000 underneath the Listed Issuer Financing Exemption. Units supplied underneath the Listed Issuer Financing Exemption won’t be topic to resale restrictions pursuant to relevant Canadian securities legal guidelines.

The Offering is anticipated to shut on or about June 10, 2024, or such later date because the Company could decide. The closing is topic to sure circumstances together with, however not restricted to, the receipt of all obligatory regulatory and different approvals, together with the approval of the Canadian Securities Exchange (CSE).

About BRAIN AGE ®

BRAIN AGE ® Brain Health AI Platform is a world-first client mind well being and wellness AI answer that estimates mind age and gives a mind well being rating. Based on analysis and improvement at Drexel University and the University of Miami, BRAIN AGE ® Brain Health AI combines a mind age estimation and mind well being evaluation device with the intention to ˜increase a crimson flag’ for potential mind well being points. BRAIN AGE ® Brain Health AI can assess if a mind is growing old extra shortly or extra slowly than is typical for wholesome people. Brain age is estimated by amassing neural exercise knowledge of the mind with a low-cost and easy-to-use electroencephalogram headset and calculating the information with a proprietary machine-learning mannequin. In addition, BRAIN AGE ® Brain Health AI can assess if an individual has a wholesome mind or is within the early stage of cognitive decline. Brain well being is scored by taking a clinically validated evaluation for mind resilience, vulnerability and efficiency features. Individuals can search out customized diagnostics and interventions, comparable to remedy or way of life modifications, that will assist to lower the event or development of cognitive decline.

About DiagnaMed

DiagnaMed Holdings Corp. (CSE: DMED) (OTCQB: DGNMF) is a healthcare expertise firm targeted on mind well being utilizing AI. DiagnaMed is commercializing BRAIN AGE ® Brain Health AI Platform, a world-first client mind well being and wellness AI answer that estimates mind age and gives a mind well being rating. Visit DiagnaMed.com.

For extra info, please contact:

Fabio ChianelliChairman and CEODiagnaMed Holdings Corp.Tel: 416-800-2684Email: information@diagnamed.comWebsite: www.diagnamed.com

Neither the Canadian Securities Exchange nor its Regulation Services Provider have reviewed or settle for accountability for the adequacy or accuracy of this launch.

Cautionary Statement

Certain statements on this information launch are forward-looking statements, together with with respect to future plans, and different issues. Forward-looking statements include statements that aren’t purely historic, together with any statements concerning beliefs, plans, expectations or intentions concerning the long run. Such info can typically be recognized by way of forwarding-looking wording comparable to will, could, count on, may, can, estimate, anticipate, intend, imagine, goals, and proceed or the unfavourable thereof or comparable variations. The reader is cautioned that assumptions used within the preparation of any forward-looking info could show to be incorrect. Events or circumstances could trigger precise outcomes to vary materially from these predicted, on account of quite a few recognized and unknown dangers, uncertainties, and different elements, lots of that are past the management of the Company, together with however not restricted to, enterprise, financial and capital market circumstances, the power to handle working bills, and dependence on key personnel. Such statements and data are primarily based on quite a few assumptions concerning current and future enterprise methods and the surroundings wherein the Company will function sooner or later, anticipated prices, and the power to realize objectives. Factors that might trigger the precise outcomes to vary materially from these in forward-looking statements embrace, the continued availability of capital and financing, litigation, failure of counterparties to carry out their contractual obligations, lack of key staff and consultants, and normal financial, market or enterprise circumstances. Factors that might trigger precise outcomes to vary materially from these anticipated in these forward-looking statements are described underneath the caption Risk Factors in Company’s administration’s dialogue and evaluation for the three months ended December 31, 2023 (MD&A), dated February 29, 2024, which is obtainable on the Company’s profile at www.sedarplus.ca. Forward-looking statements contained on this information launch are expressly certified by this cautionary assertion. The reader is cautioned to not place undue reliance on any forward-looking info. The forward-looking statements contained on this information launch are made as of the date of this information launch. Except as required by regulation, the Company disclaims any intention and assumes no obligation to replace or revise any forward-looking statements, whether or not on account of new info, future occasions or in any other case.

This information launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase nor shall there be any sale of any of the securities in any jurisdiction wherein such supply, solicitation or sale could be illegal, together with any of the securities within the United States of America. The securities haven’t been and won’t be registered underneath the United States Securities Act of 1933, as amended (the 1933 Act) or any state securities legal guidelines and might not be supplied or bought throughout the United States or to, or for account or good thing about, U.S. Persons (as outlined in Regulation S underneath the 1933 Act) until registered underneath the 1933 Act and relevant state securities legal guidelines, or an exemption from such registration necessities is obtainable.

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