MONTREAL, May 23, 2023 /CNW/ - Carebook Technologies Inc. ("Carebook" or the "Company") (TSXV: CRBK) (OTCPK: CRBKF) (XETR: PMM1), a leading Canadian provider of innovative digital health solutions, is pleased to announce the closing of its previously announced $1.25 million non-brokered private placement financing of units of the Company (the "Units") with Permanent Mutual Limited, an affiliate of its largest shareholder, UIL Limited ("UIL") at an issue price of $0.10 per Unit (the "Transaction").  The Transaction resulted in the issuance of 12,500,000 common shares in the capital of the Company (each, a "Common Share") and 187,500 Common Share purchase warrants (each, a "Warrant"), with each Warrant entitling the holder thereof to acquire, on payment of $0.15 to the Company, one Common Share on or before May 23, 2025.