Cardiocomm Solutions (TSE:EKG) has released an update.
CardioComm Solutions, Inc. is set to issue over 41 million shares to settle a debt of approximately $419,000. The transaction, involving shares priced at $0.01 each, will cover debts including those owed to related parties, with all shares subjected to a four-month hold period. Approval from the TSX Venture Exchange is pending for this move that includes transactions with company directors considered ‘related party transactions’.
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