05:00 PM EDT, 07/25/2025 (MT Newswires) -- MedX Health Corp ( MDXHF ) after close of trade Friday announced a proposal for a non-brokered private placement to generate up to $2.5 million in proceed.

A statement noted the capital raise will consist of up to 33,333,334 units priced at $0.075 per unit. Each unit includes a common share and half of a warrant, where a full warrant is exercisable to purchase one further common share at C$0.10, valid for one year from the date of issuance. Offerings from the private placement will occur in several tranches with a minimum subscription of $500K and subject to regulatory approval from the TSX-V

MedX stated it expects insiders to participate in the placement, but participation is set to be capped at 25% of proceeds. Furthermore, the company intends to use the funds towards continuing development of the company's telemedicine platform.