TORONTO, Dec. 4, 2013 /CNW/ - Josip Kozar (the "Offeror"), acquired
8,200,000 units (the "Units") of iSign Media Solutions Inc. (the
"Issuer") pursuant to a private placement. Each Unit consisted of one
common share ("Common Share") and one Common Share purchase warrant
("Warrant"). The 8,200,000 Common Shares that formed part of the Units
represented approximately 12.0% of the issued and outstanding Common
Shares on a non-diluted basis (based upon the 68,138,686 common shares
stated to be issued and outstanding as of November 7, 2013 by the
After giving effect to the acquisition, the Offeror owns or has control
or direction over an aggregate of (i) 8,402,000 Common Shares of the
Issuer, representing approximately 12.3% of the issued and outstanding
Common Shares (on a non-diluted basis) and (ii) 8,200,000 Warrants.
Such Warrants are convertible into 8,200,000 Common Shares at a price
of $0.455 per Warrant for a period of 24 months from November 7, 2013.
Assuming full conversion of the Warrants, the Offeror would directly or
indirectly exercise direction and control over an aggregate of
16,602,000 Common Shares, representing approximately 24.4% of the then
issued and outstanding Shares (on a partially-diluted basis).
The Common Shares were acquired, without any joint actors, for
investment purposes and the Offeror may increase or decrease its
investment in the Issuer depending on market conditions or any other
SOURCE: iSign Media Solutions Inc.