Santa Monica, Calif.-7/02/2000 8:00 PM Eastern
Rnet-Health.com Inc., the parent of Recovery Health Network, has received a $10 million equity financing infusion from Torneaux Ltd.
RnetHealth.com will be able to sell shares of common stock to Torneaux over a 15-month period. Availability under the financing will be based on RnetHealth.com's stock price and the number of shares it offers to Torneaux. Torneaux also gets RnetHealth.com stock warrants.
RnetHealth.com, which is traded on the over-the-counter bulletin board, closed at 75 cents per share June 26.