MONTREAL and PARIS, Nov. 8, 2011 /CNW Telbec/ - PARTA Dialogue Inc.
(TSXV: PAD), expert in Social Media and Social Learning for businesses,
announces it has issued 424,500 common shares at a deemed price of nine
cents per share, in order to convert a debt of $38,205, consisting in a
The debtor, Adrian Teuscher, is also a director and shareholder of Parta
Dialogue Inc., and as such, is also an insider of Parta. Pursuant to
the policies of the Exchange and Multilateral Instrument 61-101 -
Protection of Minority Security Holders in Special Transactions, the
transaction is classified as a "related party transaction", and is
exempted from valuation and shareholder approval requirements as the
fair market value of the transaction does not exceed 25% of PARTA's
Securities issued as part of this conversion of debt are subject to a
hold period until March 2, 2012.
Parta Dialogue offers Social Media and Social Learning solutions to its
clients from offices in Montreal, Paris and Mexico. Many visionary
businesses are already on board with PARTA's mission for dialogue and
openness. Among these are Renault, Orange, AstraZeneca, Hydro-Québec,
Iusacell (Mexico), The Canadian Association of Petroleum Producers,
Nestlé Waters, and Fondaction.
PARTA is listed on the TSX Venture Exchange under the symbol PAD. PARTA
has a subsidiary that specializes in Social E-Learning: Edu-Performance
Canada Inc (www.eduperformance.com) and also operates social networks: www.alternativechannel.com; www.ecomobility.tv, www.eauzone.tv, www.energy2point0.com and www.greenpod.fr. For more information, please visit www.partadialogue.com.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."
SOURCE PARTA DIALOGUE INC.
For further information:
Paul Allard, President & CEO
Parta Dialogue Inc.
+1 (450) 466 - 7275 ext 35
VP Marketing PARTA Dialogue
+1 (450) 466 - 7275 ext 23