TORONTO,
Dec. 31, 2012 /CNW/ - Diversinet
Corp. (TSX Venture: DIV, OTCQB: DVNTF), a leader in secure mobile
health that "Powers Care Coordination through Mobility," announced
it intends to satisfy certain Board of Directors compensation
through the issuance of common shares ("Common Shares") of
Diversinet (the "Shares for Debt Transaction").
Each non-management Director is entitled to
receive annual compensation of up to $50,000 payable by issuance of up to 75,000
common shares (for the period of June 28,
2012 to June 27, 2013), with
up to $12,500 payable quarterly in
arrears through the issuance of up to 18,750 shares.
Shareholders without a direct interest in the transaction approved
the issuance at the June 28, 2012
AGM. Diversinet has resolved to satisfy the amounts owing to
Directors for Q4 2012, being $3,515.65, through the issuance of 93,750 Common
Shares at a deemed price of $0.0375
per share.
The Shares for Debt Transaction is subject to
approval by the TSX Venture Exchange and compliance with applicable
securities laws.
About Diversinet
Diversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF) is answering the
challenges of today's healthcare landscape with a secure enterprise
mobile healthcare platform and integrated solutions. This
technology can be leveraged and customized quickly to meet the
ever-changing needs of healthcare organizations and patients -
driving patient, provider and payer communications and improved
outcomes while lowering costs. Learn more about Diversinet at
www.diversinet.com.
The Private Securities Litigation Reform Act
of 1995 and Canadian securities laws provide a "safe harbour" for
forward-looking statements. Certain information included in this
press release (as well as information included in oral statements
or other written statements made or to be made by the company)
contains statements that are forward-looking, such as statements
relating to anticipated future revenues of the company and success
of current product offerings. Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such
results may differ materially from those expressed in any
forward-looking statements made by or on behalf of the company. For
a description of additional risks and uncertainties, please refer
to the company's filings with the Securities and Exchange
Commission available at www.sec.gov and Canadian securities
regulatory authorities available at www.sedar.com.
SOURCE Diversinet Corp.