HALIFAX, Sept. 2 /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
$100,383 owing for debts to the Company through the issuance of common shares.
The Company will issue 818,118 common shares at a price of $0.1227 per share
calculated as a discount 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.
