MedX Health Corp. Update
Shares for Debt
MISSISSAUGA, ON, Feb. 10 /CNW/ - MedX Health Corp., (TSXV.MDX) is a leading North American developer and manufacturer of low level laser and light medical devices for non-invasive, drug-free healing through the use of light in people seeking relief from pain and other physical ailments.
In August, 2010 MedX Health Corp. announced plans to issue 13,447,539 shares to management, directors and several other parties to settle debts. Of the 13,447,539 shares, 5,668,307 shares were issued with TSX approval.
The balance of 7,779,232 shares were to be issued upon receiving approval from disinterested shareholders. However, approval was not sought from disinterested shareholders at MedX Health Corp.'s recent AGM on January 27, 2011. These shares for debt will not be issued.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this press release.
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information may include statements regarding the Company's future plans, objectives, performance, growth, profits, operating expenses or its underlying assumptions. MedX does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
For further information:
President and Chief Executive Officer
MedX Health Corp. email@example.com
Phone: (905) 670-4428