Brian Schachter Acquires Convertible Debentures of Nightingale Informatix Corporation
14 September 2012 - 12:00AM
PR Newswire (Canada)
TORONTO, Sept. 13, 2012 /CNW/ - Brian Schachter announced today
that, on September 12, 2012, through a private corporation
controlled by Mr. Schachter, Mr. Schachter acquired $1,500,000
aggregate principal amount of Series B 12% unsecured subordinated
convertible debentures of Nightingale Informatix Corporation
("Nightingale") at a price of $1,000 per debenture (the
"Debentures") for an aggregate purchase price of $1,500,000
pursuant to a Nightingale non-brokered private placement. On
conversion, the Debentures would result in Mr. Schachter being
issued an additional 4,285,714 common shares of Nightingale
("Common Shares"), representing 5.3% of the issued and outstanding
Common Shares. After giving effect to the purchase referred to
above, assuming full conversion of the acquired Debentures and
stock options owned by Mr. Schachter, Mr. Schachter would own and
control, directly and indirectly, a total of 19,130,161 Common
Shares of Nightingale, representing approximately 23.7% of the
issued and outstanding Common Shares calculated on such a diluted
basis, as known by Schachter, of Nightingale. Mr. Schachter has
purchased these securities for investment purposes and may increase
or decrease the investment in these securities depending upon
future market conditions. An Early Warning Report can be found at
www.sedar.com under Nightingale Informatix Corporation.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. Nightingale Informatix Corporation
CONTACT: Brian SchachterTel: 416-640-6100Email:
bschachter@counseltron.com
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