CardioComm Solutions Inc. Announces Insider Purchase of Third-party Loan

Core Viewpoint - CardioComm Solutions Inc. has announced that its CEO, Mr. Etienne Grima, has purchased a loan worth $80,000 from a third-party lender, consolidating all of the company's debt under insider control, which reflects management's confidence in the company's strategic direction [1][3]. Debt Consolidation - The loan purchased by the CEO is part of original loans totaling $600,000, first disclosed on December 21, 2016, with portions of the debt progressively retired over time [2]. - Following this transaction, all of CardioComm's debt is now held by insiders, enhancing the company's ability to advance its commercialization plans without reliance on external debt providers [3]. Loan Terms and Approval - The terms of the loan remain unchanged, and the acquisition does not affect the company's financial reporting obligations. The transaction was unanimously approved by the company's directors [4][6]. - This transaction is classified as a private asset purchase and does not constitute a "related party transaction" under Multilateral Instrument 61-101, thus not requiring TSX Venture Exchange approval [7]. Transparency and Compliance - The company is voluntarily disclosing this transaction to ensure transparency for shareholders and to comply with the requirements of Leede Financial Inc., which previously administered the loan [5].