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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