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TORONTO, ONTARIO – CardioComm Solutions, Inc. (TSX VENTURE: EKG) (“CardioComm” or the “Company”), a leading global medical provider of consumer heart monitoring and electrocardiogram (“ECG”) acquisition and management software solutions, announces shares and options.
Under an online marketing and awareness program agreement with AGORA Internet Relations Corp. (“AGORACOM”) the Company has issued to AGORACOM 188,333 common shares of the Company (“Shares”), representing a price of $0.06 per Share, for services valued at $10,000 plus 13% HST.
Under shares for debt agreements, the Company has issued an aggregate of 689,165 Shares at a deemed price of $0.06 per Share to settle debt with directors, employees and consultants of the Company. The Shares for debt issued are subject to a four month hold period in accordance with applicable securities laws.
The Company also issued 62,500 stock options to Etienne Grima, the Company’s CEO, in accordance with his employment agreement. The options are exercisable at $0.05 per Share for five years from the date of grant and vest immediately. The grants are subject to the provisions of the Company’s Stock Option Plan, the policies of the TSX Venture Exchange and applicable securities laws.
To learn more about CardioComm’s products and for further updates regarding HeartCheck™ ECG device integrations please visit the Company’s websites at
www.cardiocommsolutions.com and www.theheartcheck.com.
