TheNewswire / October 7, 2016 – On September 29, 2016, HealthSpace Data Systems Ltd. (the “Issuer“) completed a private placement of units and convertible debentures (the “Transaction”). Upon completion of the Transaction, Ali Hakimzadeh (the “Hakimzadeh“) now holds, or has control over, 5,853,011 common shares, 731,500 warrants, 300,000 stock options and convertible debenture in the principal amount of $50,000 (convertible into 666,667 common shares) and his shareholding percentage has been decreased to 9.0% of the outstanding shares of the Issuer assuming exercise or the warrants and stock options and conversion of the convertible debenture.
The common shares of the Issuer are listed on the Canadian Securities Exchange and trade under the trading symbol “HS”. The Transaction was carried out in the market. Hakimzadeh may in the future increase or decrease his investment in the Issuer.
An Early Warning Report respecting this decrease in the Issuer’s shareholding percentage has been filed on the System for Electronic Document Analysis and Review (“SEDAR”) under the Issuer’s profile and can be viewed at www.sedar.com.
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Source: TheNewsWire (October 7, 2016 – 6:10 PM EDT)
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