Aquarius Surgical Technologies Announces Share Issuance

Rhea-AI Summary

Aquarius Surgical Technologies Inc. (CSE:ASTI) has issued a total of 600,000 shares, at $0.065 each, to four non-executive directors and corporate officers as compensation for services. This issuance was made under the prospectus exemption of NI 45-106 s. 2.24 and is not subject to a hold period. Aquarius specializes in innovative, minimally invasive medical laser systems primarily for urology and aims to enhance patient care while improving operational efficiency.

Positive

• Share issuance of 600,000 shares may help retain key personnel.
• Focus on innovative medical technologies positions the company for growth.

Negative

• Issuance of shares may dilute existing shareholders' equity.

TORONTO, ON / ACCESSWIRE / March 25, 2022 / Aquarius Surgical Technologies Inc. (CSE:ASTI) announces that it has issued 100,000 shares to each of four non-executive directors and to corporate officers, in compensation for services, for a total of 600,000 shares. All shares were issued at a stated price of $0.065 each. The shares were issued pursuant to the prospectus exemption contained in NI 45-106 s. 2.24 and are not subject to any restrictive hold period.

About Aquarius Surgical Technologies Inc.

Aquarius Surgical Technologies is a provider of innovative, minimally invasive medical laser systems and consumables for multiple medical disciplines, principally in the field of urology. Solutions also include clinical education, service, support and maintenance. ASTI is focused on increasing the availability of services for patients, enhancing the quality of patient care, improving operationally efficiencies and reducing total operational costs.

For more information, please contact:

Gary Van Nest, co-CEO gary@sinaltainvestments.com
Lorne MacFarlance, CFO lornemac@eastlink.ca ; 902-496-7594

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Aquarius Surgical Technologies Inc.

View source version on accesswire.com:
https://www.accesswire.com/694673/Aquarius-Surgical-Technologies-Announces-Share-Issuance

FAQ

What is the recent share issuance by Aquarius Surgical Technologies?

Aquarius Surgical Technologies issued 600,000 shares at $0.065 each to compensate four non-executive directors and corporate officers.

How many shares were issued to each director and officer by Aquarius Surgical Technologies?

Each of the four non-executive directors and corporate officers received 100,000 shares.

What is the stock symbol for Aquarius Surgical Technologies?

The stock symbol for Aquarius Surgical Technologies is ASTI.

When was the share issuance announced by Aquarius Surgical Technologies?

The share issuance was announced on March 25, 2022.

What is the purpose of the share issuance by Aquarius Surgical Technologies?

The share issuance was made as compensation for services to directors and corporate officers.