Texada Software Inc. Announces Completion of Shares for Debt Transaction
May 18, 2012
GUELPH, ONTARIO—(Marketwire – May 18, 2012) – Texada Software Inc. (TSX VENTURE:TXS) (the “Company”), further to its press release of April 24, 2012, announced today that it issued 535,237 common shares of the Company to three members of senior management, who are also directors, to settle certain debt owed to these individuals of a total of $112,400. In addition, debt in the amount of $10,000 owed to another employee of the Company was also settled through the issuance of 47,619 shares. All common shares were issued at a deemed price of $0.21 per share. The Common Shares will be subject to a four-month hold period. More information may be found at www.sedar.com.
About Texada Software (TSX VENTURE:TXS)
Texada Software Inc. operates in two complementary businesses; construction/industrial equipment rental and enterprise asset management software.
The Company, through its wholly owned U.S. equipment rental subsidiary, Noble Rents, Inc. conducts business at four locations in Southern California with over 7,000 customers and a wide range of over 1,100 aerial, forklift and light compact equipment rental units.
Texada’s enterprise software business continues as the premier provider of software solutions for equipment rental and mobile equipment. Texada’s solutions are fully flexible and scalable to meet the unique needs of any sized operation and are backed by proven implementation, services and support. Texada’s market-driven software products combine knowledge and best practices from over 5,000 users worldwide, resulting in solutions that manage the complete asset life-cycle from acquisition through to disposal.
Texada can be reached at 1-800-361-1233 or 1-519-836-7073, or at www.texadasoftware.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.