LED MEDICAL DIAGNOSTICS INC. ("LMD")
BULLETIN TYPE: Shares for Bonuses
BULLETIN DATE: October 23, 2017
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing the Company's proposal to issue a total of 5,312,500 bonus shares in consideration of $2,500,000 secured debentures. The term of the debenture is twenty four months with interest payable at a rate of 12% per annum.
Finder's fees of $100,000 cash and 1,000,000 warrants are payable to Bloom Burton Securities Inc. Each warrant is exercisable into one common share at $0.10 for 2 years from closing.
Insider Participation:
Bonus Shares Debenture amount
Polar Asset Management Partners Inc. 1,912,500 $900,000
David Gane 212,500 $100,000
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