TMCnet News
iSIGN Media Announces Share for Debt TransactionTORONTO, Jan. 11, 2017 /PRNewswire/ - iSIGN Media Solutions Inc. ("iSIGN" or "Company") (TSX-V: ISD) (OTC: ISDSF), a leading provider of interactive mobile advertising solutions that serves brands, commercial locations, retailers and service providers throughout North America today announced it has entered into a debt settlement arrangement with it directors, in which the Company has agreed to issue an aggregate of 800,000 common shares at a deemed price of $0.10 per share. The total amount of indebtedness settled by these arrangements is $80,000 owed for directors fees. The Company decided to satisfy this outstanding indebtedness with shares in order to preserve its cash for operational purposes. This arrangement is subject to the approval of the TSX Venture Exchange ("Exchange"). The Company will issue these shares, which are subject to a four month hold period, once approval has been received from the Exchange. © 2017 iSIGN Media Solutions Inc. All Rights Reserved. All other trademarks and trade names are the property of their respective owners. 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 or accuracy of this release. SOURCE iSIGN Media Solutions Inc, Alex Romanov Chief Executive Officer |