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CardioComm Solutions to Settle Debt with Share Issuance

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CardioComm Solutions to Settle Debt with Share Issuance

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The latest announcement is out from Cardiocomm Solutions ( (TSE:EKG) ).

CardioComm Solutions has announced its plan to settle outstanding debt by issuing 4,162,500 common shares to its directors, valued at $0.01 per share, to cover $41,625 in debt for services provided. This transaction, along with the issuance of 250,000 stock options to CEO Etienne Grima, is classified as a related party transaction but is exempt from certain regulatory requirements due to its valuation. These moves are subject to approval by the TSX Venture Exchange and could impact the company’s financial structure and stakeholder interests.

More about Cardiocomm Solutions

CardioComm Solutions is a global provider specializing in consumer heart monitoring and medical electrocardiogram (ECG) software solutions. The company offers patented technology for recording, viewing, analyzing, and storing ECGs, aiding in the diagnosis and management of cardiac patients. Their products are distributed worldwide through an external network and a North American sales team, and they hold ISO certifications and medical device clearances from the USA and Canada.

Average Trading Volume: 100,427

Technical Sentiment Signal: Strong Sell

Current Market Cap: C$1.93M

For an in-depth examination of EKG stock, go to TipRanks’ Overview page.

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