TORONTO, Sept. 13, 2012 /CNW/ - Samer Chebib, President & CEO of Nightingale Informatix Corporation ("Nightingale"), announced today that, on September 12, 2012, Mr. Chebib acquired through an immediate family member $300,000 aggregate principal amount of Series B 12% unsecured subordinated convertible debentures of Nightingale at a price of $1,000 per debenture (the "Debentures") for an aggregate purchase price of $300,000 pursuant to a Nightingale non-brokered private placement. On conversion, the Debentures would result in Mr. Chebib being issued an additional 857,143 common shares of Nightingale ("Common Shares"), representing 1.1% of the issued and outstanding Common Shares.
After giving effect to the purchase referred to above, assuming full conversion of the acquired Debentures and all other convertible debentures and stock options owned or controlled by Mr. Chebib, Mr. Chebib would own and control, directly and indirectly, a total of 14,045,274 Common Shares of Nightingale, representing approximately 17.7% of the 79,338,006 issued and outstanding Common Shares calculated on such a diluted basis, as known by Mr. Chebib, of Nightingale.
Mr. Chebib 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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