Mr. Jean-Marc Leveille reports
KDA GROUP ANNOUNCES A DEBT SETTLEMENT
KDA Group Inc., subject to regulatory approval, has reached an agreement to settle indebtedness to 10 creditors totalling $695,051 in exchange for the issuance of 11,584,183 Class A shares of KDA at a price of six cents per common share and 11,584,183 warrants to purchase common shares, each entitling the holder to purchase one additional common share at an exercise price of 10 cents for a period of 24 months from the closing date.
The debt settlement remains subject to the approval of the TSX Venture Exchange. All securities to be issued under the debt settlement will be subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities regulations.
About KDA Group
Inc.
KDA Group is a leader in technological innovations and specialized software solutions (SaaS -- software as a service) for the health care professionals market. KDA is a corporation that offers quality products and has respected expertise among the various stakeholders in the pharmaceutical and medical sectors. The technology products developed by KDA aim, among other things, to accelerate the health care's digital transformation, and are available for the Canadian and international markets.
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