ZoomMed Announces the Closing of a New Financing and the Repayment of its $1,5M Convertible Debenture
16 Janvier 2014 - 11:31PM
Marketwired
ZoomMed Announces the Closing of a New Financing and the Repayment
of its $1,5M Convertible Debenture
MONTREAL, QUEBEC--(Marketwired - Jan 16, 2014) - ZoomMed Inc.
(TSX-VENTURE:ZMD) (the "Corporation") announces the closing of a
non-revolving loan, for a principal amount not exceeding
US$2,000,000 (the "Loan"), of which US$1,664,318.92 has already
been advanced, and the repayment of the CA$1,500,000 current
convertible debenture.
The new secured debenture's maturity date is December 31, 2014
and the annual interest rate is 17%. This debenture is subject to a
bonus of shares of 4,607,795 common shares of the capital stock of
ZoomMed at a deemed price of 0.05 $ CA each, in accordance with
rule 5.1 of the TSX Venture Exchange Policy. The Corporation has
granted to the lender, as security for the payment and performance
of the obligations under the Credit Agreement, a security interest
in favor of the lender charging the universality of the
Corporation's present and after-acquired movable property,
corporeal and incorporeal. The whole is subject to the final
approval of the TSX Venture Exchange and the other regulatory
approvals.
About ZoomMed
The Company builds and operates "ZoomMed's communication
network", a clinical information exchange platform between
physicians and the various other stakeholders of the healthcare
sector, such as pharmacists, specialists, pharmaceutical
corporations, laboratories, specialized clinics and others.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
ZoomMedMr. Yves MarmetPresident and Chief Executive Officer(450)
678-5457, Ext 228info@zoommed.comwww.zoommed.com
Zoommed (TSXV:ZMD)
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