Samer Chebib Acquires Convertible Debentures of Nightingale Informatix Corporation
14 September 2012 - 12:00AM
PR Newswire (Canada)
TORONTO, Sept. 13, 2012 /CNW/ - Samer Chebib, President & CEO
of Nightingale Informatix Corporation ("Nightingale"), announced
today that, on September 12, 2012, Mr. Chebib acquired through an
immediate family member $300,000 aggregate principal amount of
Series B 12% unsecured subordinated convertible debentures of
Nightingale at a price of $1,000 per debenture (the "Debentures")
for an aggregate purchase price of $300,000 pursuant to a
Nightingale non-brokered private placement. On conversion, the
Debentures would result in Mr. Chebib being issued an additional
857,143 common shares of Nightingale ("Common Shares"),
representing 1.1% of the issued and outstanding Common Shares.
After giving effect to the purchase referred to above, assuming
full conversion of the acquired Debentures and all other
convertible debentures and stock options owned or controlled by Mr.
Chebib, Mr. Chebib would own and control, directly and indirectly,
a total of 14,045,274 Common Shares of Nightingale, representing
approximately 17.7% of the 79,338,006 issued and outstanding Common
Shares calculated on such a diluted basis, as known by Mr. Chebib,
of Nightingale. Mr. Chebib 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: Samer ChebibTel: 905-943-2600Email:
schebib@nightingalemd.com
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