Nightingale Informatix Corporation (TSXV:NGH) announced a non-brokered private placement of a 10% series C-2 secured subordinated convertible debenture for gross proceeds of CAD 1,000,000 on March 31, 2016. The transaction included participation from one placee. The notes carry an 10% fixed interest rate and would mature on September 30, 2016.

In addition, the debentures and the common shares of the company issuable upon the conversion or redemption thereof are subject to a hold period expiring on August 1, 2016. The TSX Venture Exchange has accepted for filing documentation with respect to the transaction.