CardioComm Solutions, Inc.: CardioComm Solutions to Issue Shares for Debt and Issue Stock Options
CardioComm Solutions, Inc. (TSXV: EKG) ("
CardioComm" or the "
Company"), a global medical provider of consumer heart monitoring and medical electrocardiogram ("
ECG") software solutions, announced the proposed issuance of shares for debt and the issuance of stock options.
Under debt settlement agreements, the Company will issue an aggregate of 2,947,394 common shares of the Company ("
Shares") to a director, employees and consultants of the Company at a deemed price of $0.055 per Share. The Shares will be provided to settle debt for services provided to the Company and will be subject to a four month hold period in accordance with applicable securities laws.