Mr. Brian Kalish reports

GEMOSCAN CANADA, INC. ANNOUNCES CLOSING OF CONVERTIBLE DEBENTURE FINANCING

Subject to TSX Venture Exchange final approval, Gemoscan Canada Inc. has completed a convertible debenture financing with total proceeds of $100,000. The debentures shall mature two years from the date of issuance and bear interest at the rate of 9 per cent per annum. The debentures will be secured. The debentures will be convertible into shares of the corporation at the rate of one Class A share for each five cents converted in the first year and at the rate of one Class A share for each 10 cents converted in the second year.

All securities issued pursuant to the above-referenced private placement are subject to a statutory four-month-plus-one-day hold period from Jan. 28, 2015, and obtaining regulatory approval.

The proceeds from the offering will be used for working capital purposes.

We seek Safe Harbor.