Premier Diagnostic Health Services Inc.
CNSX : PDH

Premier Diagnostic Health Services Inc.

September 10, 2014 16:21 ET

Premier Diagnostic Health Services Inc. Announces $7.2M Private Placement

BURNABY, BRITISH COLUMBIA--(Marketwired - Sept. 10, 2014) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Premier Diagnostic Health Services Inc. ("Premier" or the "Company") (CSE:PDH) is pleased to announce a non-brokered private placement offering (the "Offering") of common shares of the Company ("Shares") of up to 40,000,000 Shares at $0.18 per Share for aggregate gross proceeds of up to $7,200,000. Management of the Company reserves the right, in its sole discretion and subject to CSE approval, to increase the Offering by 25% to up to 50,000,000 Shares for aggregate gross proceeds of up to $9,000,000.

There is no minimum Offering amount required to close, and the Offering may be closed in tranches. The first closing is expected to occur on or about September 30, 2014. The Shares will be issued in reliance on exemptions from the prospectus and registration requirements contained in the securities legislation in the Province of British Columbia and in the jurisdiction of residency of each investor. The Shares will be subject to a hold period. No finder's fees or commissions will be paid in connection with the Offering. The Offering is subject to approval by the Canadian Securities Exchange.

The net proceeds of the Offering will be used to fund expansion of the Company's premier diagnostic medical clinics in China and Canada, as well as for general working capital and investment purposes. The Company anticipates that the resulting capitalization combined with new strategies to deliver earnings will be adequate to support growth.

About Premier Diagnostic Health Services Inc. ("PDHS")

PDHS is a Canadian company that provides, through its subsidiaries, advanced medical diagnostic tools using PET/CT technology and/or MRI technology and related diagnostic skills in Canada and in the People's Republic of China, in partnership with local medical professionals, public and private investors, hospitals and clinics. The Company's mission is to provide physicians and other health care professionals with exceptional diagnostic information that will assist them in making medical decisions that lead to better outcomes for their patients. The Company's approach involves building long-term relationships regarding management, quality, and financial services that are necessary to build, operate and grow the diagnostic capacity and capability of hospitals and clinics worldwide.

On behalf of the Board of Directors

Sanjeev Parsad, President, CEO and Director

The Canadian Securities Exchange (CSE) has not reviewed the adequacy or the accuracy of the contents of this document. Company information can be viewed here: www.cnsx.ca. Further information regarding the Company can be found on SEDAR at ww.sedar.com.

Legal Notice Regarding Forward-Looking Statements: This news release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include that Premier can close a private placement of up to $7,200,000 (with an option to increase the Offering by up to 25%), that the first tranche of the Offering will close on or around September 30, 2014, that no finder's fees or commissions will be paid in relation to the Offering, that the net proceeds of the Offering will be used to fund expansion of the Company's premier diagnostic medical clinics in China and Canada, for general working capital and investment purposes, and that the resulting capitalization combined with new strategies to deliver earnings will be adequate to support growth. Factors that could cause actual results to be materially different include but are not limited to the following: that we may not be able to raise sufficient capital to accomplish our intentions and that even if we do close the maximum private placement, capital alone may not be sufficient for us to grow our business. Growth depends on several factors including patient support and winning new patients, as well as market conditions. Investors are cautioned against placing undue reliance on forward-looking statements. It is not our policy to update forward looking statements.

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