Cardiocomm Solutions (TSE:EKG) has released an update.
CardioComm Solutions announces its plan to resolve $418,340.10 of its debt by issuing over 41 million common shares to creditors at a nominal price of $0.01 per share. The shares will be subjected to a four-month holding period, with the transactions requiring approval from the TSX Venture Exchange. This strategic move by the medical ECG software provider involves directors of the company and is in compliance with market regulations.
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