Cardiocomm Solutions (TSE:EKG) has released an update.
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CardioComm Solutions, a provider of heart monitoring and ECG software solutions, has secured a revolving line-of-credit loan of up to $500,000 from a company controlled by its director, Daniel Grima. The loan, with an 8% annual interest rate, is repayable by July 2026 and can be converted into common shares at the discretion of the lender under certain conditions. Additionally, the firm has granted 125,000 stock options to its CEO, Etienne Grima, exercisable at $0.05 per share, aligning with the company’s strategic financing and incentive efforts.
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