Sept. 18, 2018 /CNW/ - HealthSpace Data Systems Ltd. (the "Company" or "HealthSpace") (CSE:HS) (Frankfurt:38H) (OTC:HDSLF) is pleased to announce that it intends to issue and sell by way of private placement secured convertible debentures ("New Debentures") for an aggregate principal amount of up to $500,000 ("CD Financing"). In conjunction with the private placement, the Company also announces that it has amended the terms of the secured convertible debentures ("Previous Debentures") issued on September 29, 2016 by extending the maturity date for a period of two years. A portion of the net proceeds of the CD Financing will be used to extinguish a portion of the Previous Debentures and the balance will be used for general working capital. After this transaction is complete HealthSpace will have an aggregate amount of $795,000 of total convertible debentures ("Debentures) outstanding.
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