HALIFAX, Oct. 21 /CNW/ - MedMira Inc., ("MedMira") (TSX Venture: MIR,
NASDAQ: MMIRF) a developer and marketer of rapid diagnostics, announced today
that it has reached an agreement with debt holders to settle a total of
$ 324,918.00 owing for debts to the Company through the issuance of
3,398,724 common shares. The Company will issue common shares at a price of
$0.0956 per share calculated on the previous 10 day volume weighted average
price. This agreement is subject to the approval of the TSX Venture Exchange.
Shares issued under this agreement will be subject to mandatory four month
hold period.
