Press Releases 2020


Good2Go2 & Canadian Teleradiology Services
Announce Closing of $3 Million Private Placement Offering

Toronto, ON – November 2, 2020 – Good2Go2 Corp. (TSXV: GOAL.P) ("G2G2") and Canadian Teleradiology Services, Inc. ("CTS" or the "Company") are pleased to announce that CTS has completed its private placement offering (the "Offering") of subscription receipts (each, a "Subscription Receipt" and collectively, the "Subscription Receipts") at a price of $0.45 per Subscription Receipt (the "Offering Price") for approximately $3 million in aggregate gross proceeds to the Company (including approximately $500,000 to be satisfied in kind through the cancellation of a payment obligation of CTS). Mackie Research Capital Corporation (the "Lead Agent") acted as lead agent and sole bookrunner for the Offering, on behalf of a syndicate of agents including Canaccord Genuity Corp. and Industrial Alliance Securities Inc. (together with the Lead Agent, the "Agents"). The Offering was completed in connection with the proposed business combination of G2G2 and CTS pursuant to the terms of the definitive business combination agreement entered into between G2G2 and CTS (the "Definitive Agreement") which will constitute the qualifying transaction (the "Transaction") of G2G2 as defined in the policies of the TSX Venture Exchange (the "Exchange").

Immediately prior to the closing of the Transaction (the "RTO Closing") and provided that certain conditions (the "Escrow Release Conditions") are satisfied or waived (to the extent waiver is permitted), each one Subscription Receipt shall be exchanged automatically, for no additional consideration, into one unit of CTS (a "Unit"). Each Unit shall consist of one common share of CTS (a "Common Share"), and one common share purchase warrant of CTS (a "Warrant"). Each Warrant shall be exercisable at the option of the holder to purchase one Common Share at an exercise price equal to $0.50 for a period of 36 months following the Listing Date (as defined below).

Pursuant to the RTO Closing, each Common Share shall be exchanged for such number of common share(s) in the capital of the resulting issuer pursuant to the Transaction (the "Resulting Issuer") based on the share exchange ratio under the Transaction (an "RI Common Share"), and each Warrant shall be exchanged for one common share purchase warrant(s) of the Resulting Issuer to purchase one RI Common Share (an "RI Warrant") and otherwise having terms the same as the Warrants set forth below provided that the exercise price of each RI Warrant will, if applicable, be adjusted based on the share exchange ratio under the Transaction. Immediately prior to the closing of the Transaction, Good2Go2 shall consolidate its issued and outstanding shares on the basis of 1 post-consolidation share for every 1.8 pre-consolidation shares.

Upon completion of the Transaction, the RI Common Shares (including those issued in exchange for the Common Shares comprising the Units issued upon conversion of the Subscription Receipts) will be listed and free trading on the Exchange, which is expected to be in November 2020 (the "Listing Date").

The net proceeds from the Offering will be used for potential strategic acquisitions, a royalty buyout from Flow Capital Corp. and Flow Capital US Corp., expansion plans, working capital and general corporate purposes.

If (i) closing of the Transaction does not occur on or prior to December 15, 2020 or (ii) the Company has advised the Agents or the public that it does not intend to proceed with the Transaction (in each case, the earliest of such times being the "Termination Time"), then all of the issued and outstanding Subscription Receipts shall be cancelled and the Escrowed Funds (as defined below) shall be used to pay holders of Subscription Receipts an amount equal to the Offering Price (plus an amount equal to a pro rata share of any interest or other income earned thereon). If the Escrowed Funds are not sufficient to satisfy the aggregate Offering Price paid for the then issued and outstanding Subscription Receipts (plus an amount equal to a pro rata share of the interest earned thereon), it shall be the Company's sole responsibility and liability to contribute such amounts as are necessary to satisfy any such shortfall.

Upon closing of the Offering, the proceeds therefrom will be placed in escrow (the "Escrowed Funds") and will be released (together with the interest thereon) to the Company (less the Agents' Compensation (as defined below) that was not paid at closing of the Offering by CTS to the Agents out of CTS' general funds, and any outstanding costs and expenses of the Agents, which shall be released to the Agents out of the Escrowed Funds) upon satisfaction of certain escrow release conditions and the Agents receiving a certificate from the Company prior to the Termination Time to the effect that: (i) all the necessary regulatory and shareholder approvals for the Transaction including approval of the listing of the RI Common Shares on the Exchange shall have been obtained, and (ii) such other conditions as may be determined in the context of the market, to the mutual satisfaction of the Company and the Lead Agent (together, the "Escrow Release Conditions").

The securities issued under the Offering were offered by way of private placement in each of the provinces of Canada and such other jurisdictions as were be determined by the Company, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws.

In connection with the Offering, the Agents received an aggregate cash fee equal to 8.0% of the gross proceeds from the Offering, including in respect of any exercise of the Agent's Option. The Agents were also issued compensation options equal in number to 8.0% of the number of Subscription Receipts sold under the Offering (the "Compensation Options" and together with the Cash Fee, the "Agents' Compensation"). Each Compensation Option shall be exercisable to acquire one Unit for a period of 36 months following the Listing Date at the Offering Price. Upon the completion of the Transaction, the Compensation Options will be exchanged for compensation options of the Resulting Issuer on equivalent terms.

The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction

About CTS
CTS is in the telehealth services business as it provides teleradiology services to Canadian hospitals. CTS services include, but are not limited to, reading medical imaging procedures using computer-processed combinations computed tomography "CT" scan, Magnetic Resonance Imaging "MRI", Ultra Sound, and X-ray on an around the clock basis providing reporting and workflow solutions via secured server according to client hospital needs. Teleradiology is the process of providing remote off site reading of radiology scans. Hospital staff can scan their emergency room patients, then page the CTS radiologist on call, who can then remotely view, via secured server, the images and diagnose the patient and provide a report back to the hospital.

Teleradiology is the next level of patient care that assists small urban and rural hospitals to be connected with 24/7 care, ensuring even small communities receive care consistent with that which large urban hospitals receive. The growing digital health market is transforming the delivery of healthcare to Canadian patients.

About G2G2
G2G2 is a capital pool company created pursuant to the policies of the Exchange. It does not own any assets, other than cash or cash equivalents and its rights under the Definitive Agreement. The principal business of G2G2 is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation subject to acceptance by the Exchange so as to complete a qualifying transaction in accordance with the policies of the Exchange.

Contact Information
Canadian Teleradiology Services, Inc.
Mitchell Geisler, Chief Executive Officer

Good2Go2 Corp.
James Cassina, President

Forward-Looking Statements
This news release contains "forward-looking information" within the meaning of applicable securities laws, which involves known and unknown risks, uncertainties and other factors relating to the proposal to complete the Transaction and associated transactions that may cause actual events to differ materially from current expectations including: the receipt of all necessary regulatory approvals, the ability to conclude the Transaction, the listing of the RI Common Shares on the Exchange; the exchange of one Subscription Receipt into one unit of CTS; the receipt of all regulatory approvals in connection with the Transaction; the placement of the proceeds into escrow and the payment of the Agent's Compensation; the exchange of common share(s) in the capital of the resulting issuer pursuant to the Transaction; and the use of future proceeds from the Offering.

Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements depending on certain risk factors including, among other things, the risks that the parties will not proceed with the Transaction and associated transactions; that the ultimate terms of the Transaction and associated transactions will differ from those that currently are contemplated and as disclosed in this news release; that the Transaction and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities); the refusal of the proposed directors or officers to act for any reason, including conflicts of interest; reliance on key and qualified personnel; and regulatory and other risks associated with the medical and teleradiology industries in general. The foregoing list of risk factors is not exhaustive.

Completion of the Transaction is subject to a number of conditions including, but not limited to, Exchange acceptance, the availability of funds, the results of financing efforts, the parties' due diligence reviews, and general market conditions. There can be no assurance that the transaction will be completed as proposed or at all. Other conditions that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see Readers are cautioned not to place undue reliance on these forward-looking statements, which are made only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.