HCi Viocare 4
4 · HCi Viocare · Filed Jul 29, 2015
Insider Transaction Report
Form 4
HCi ViocareVICA
Leontaritis Sotirios
DirectorPresident, Treasurer10% Owner
Transactions
- Other
Common shares
2015-05-28$0.03/sh+11,291,033$338,731→ 20,524,366 total
Footnotes (1)
- [F1]On May 28, 2015, as disclosed on Form 8-K as filed with the Securities and Exchange Commission on June 3, 2015, HCI Viocare (the "Company") entered into a Debt Settlement and Subscription Agreement with the President of the Company, Sotirios Leontaritis ("Leontaritis"). Under the terms of a convertible note payable entered into as of July 25, 2014, the Company was indebted to Leontaritis in the amount of EUR$300,000, accruing simple interest at a rate of 5% per annum (the "Debt"). Leontaritis agreed to accept 11,291,033 shares of the Company's common stock at a price of US$0.03 per share in full and final settlement of the Debt plus accrued interest totaling EUR$311,125 (USD$338,731) as at May 28, 2015.