11:10 AM EST - CloudMD Software & Services Inc. : Announced that it has appointed Dr. Sohal Goyal as Head of Corporate Development in Ontario. Dr. Goyal is currently the Medical Director of West Mississauga Medical and the appointment comes off the recent announcement of CloudMD’s intent to acquire a majority interest in the integrated medical clinic. Pursuant to the policies of the TSX Venture Exchange and the terms of the contractor services agreement (the “Agreement”) with Dr. Goyal, the Company will issue $500,000 in common shares of the Company to Dr. Goyal which equates to 699,301 common shares (the “Shares”). The Shares issued are subject to escrow over a 2-year period and will be released on a quarterly basis. The deemed price of the Shares is $0.715, which was calculated by using the volume weighted average closing share price on the last 10 trading days prior to the date of the Agreement. CloudMD Software & Services Inc.
shares V.DOC are trading up 2 cents at $0.77.
