Cloud DX Announces Proposed $2.8 Million Private Placement

Investors then agreed to pool an aggregate of 26,411,896 Common Shares issued to them in connection with the conversion of the Convertible Debentures until the earlier of twenty-four (24) months and date on which the closing price is equal to or greater than $0.50 CAD/share for a period of 10 consecutive trading days.Accelerating digital healthcare, Cloud DX is on a mission to make healthcare better for everyone. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, winner of "2022 Top Innovator" from Canadian Business, a 2021 "Edison Award" winner, a Fast Company "World Changing Idea" finalist, and one of "Canadas Ten Most Prominent Telehealth Providers." Forward-looking statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements or information contained in this news release. In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, information concerning the receipt of approval from the TSXV and the use of proceeds from the Private Placement.Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.