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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 11, 2015) - Pyng Medical Corp. (the "Company") (TSX VENTURE:PYT) is pleased to announce, further to its press release dated August 10, 2015, that it has closed the Shares for Debt Transaction (defined below). The Company has entered into a debt settlement agreement with certain of its directors pursuant to which the Company has issued 2,125,000 common shares in full and final satisfaction of an aggregate amount of $106,250.00 owed (or approximately one common share for each $0.05 of debt owed) with respect to services rendered by the directors (the "Shares for Debt Transaction"). |
