Conversion of debt
November 08 2011 - 7:41AM
PR Newswire (Canada)
MONTREAL and PARIS, Nov. 8, 2011 /CNW Telbec/ - PARTA Dialogue Inc.
, expert in Social Media and Social Learning for businesses,
announces it has issued 424,500 common shares at a deemed price of
nine cents per share, in order to convert a debt of $38,205,
consisting in a bridge-loan. The debtor, Adrian Teuscher, is also a
director and shareholder of Parta Dialogue Inc., and as such, is
also an insider of Parta. Pursuant to the policies of the Exchange
and Multilateral Instrument 61-101 - Protection of Minority
Security Holders in Special Transactions, the transaction is
classified as a "related party transaction", and is exempted from
valuation and shareholder approval requirements as the fair market
value of the transaction does not exceed 25% of PARTA's market
capitalization." Securities issued as part of this conversion of
debt are subject to a hold period until March 2, 2012. About PARTA
Parta Dialogue offers Social Media and Social Learning solutions to
its clients from offices in Montreal, Paris and Mexico. Many
visionary businesses are already on board with PARTA's mission for
dialogue and openness. Among these are Renault, Orange,
AstraZeneca, Hydro-Québec, Iusacell (Mexico), The Canadian
Association of Petroleum Producers, Nestlé Waters, and Fondaction.
PARTA is listed on the TSX Venture Exchange under the symbol PAD.
PARTA has a subsidiary that specializes in Social E-Learning:
Edu-Performance Canada Inc (www.eduperformance.com) and also
operates social networks: www.alternativechannel.com;
www.ecomobility.tv, www.eauzone.tv, www.energy2point0.com and
www.greenpod.fr. For more information, please visit
www.partadialogue.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." PARTA DIALOGUE INC.
CONTACT: Paul Allard, President & CEOParta Dialogue Inc.+1
(450) 466 - 7275 ext 35paul.allard@partaworld.comAndré
GoliPresident Edu-PerformanceVP Marketing PARTA Dialogue+1 (450)
466 - 7275 ext 23andre.goli@partadialogue.com
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