TORONTO, Sept. 13, 2012 /CNW/ - Brian Schachter announced today that, on September 12, 2012, through a private corporation controlled by Mr. Schachter, Mr. Schachter acquired $1,500,000 aggregate principal amount of Series B 12% unsecured subordinated convertible debentures of Nightingale Informatix Corporation ("Nightingale") at a price of $1,000 per debenture (the "Debentures") for an aggregate purchase price of $1,500,000 pursuant to a Nightingale non-brokered private placement. On conversion, the Debentures would result in Mr. Schachter being issued an additional 4,285,714 common shares of Nightingale ("Common Shares"), representing 5.3% of the issued and outstanding Common Shares.
After giving effect to the purchase referred to above, assuming full conversion of the acquired Debentures and stock options owned by Mr. Schachter, Mr. Schachter would own and control, directly and indirectly, a total of 19,130,161 Common Shares of Nightingale, representing approximately 23.7% of the issued and outstanding Common Shares calculated on such a diluted basis, as known by Schachter, of Nightingale.
Mr. Schachter has purchased these securities for investment purposes and may increase or decrease the investment in these securities depending upon future market conditions.
An Early Warning Report can be found at www.sedar.com under Nightingale Informatix Corporation.
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 for the adequacy or accuracy of this release.
SOURCE: Nightingale Informatix Corporation
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