Done....Time for some sales !!! Diagnos Inc. Symbol C : ADK Close 2018-10-31 C$ 0.045 Recent Sedar Documents ORIGINAL: DIAGNOS Announces Closing of Private Placement of Common Stocks and Stock Warrants 2018-11-01 15:24 ET - News Release BROSSARD, Qubec, Nov. 01, 2018 (GLOBE NEWSWIRE) -- DIAGNOS Inc. (DIAGNOS or the Corporation) (TSX Venture: ADK) (OTCQB: DGNOF), a leader in early detection of critical health issues through the use of Artificial Intelligence, announces the closing of a private placement (Private Placement) of 10,000,000 units (each a Unit) issued at $0.05 per Unit for gross proceeds of $500,000. The Private Placement was initially announced on October 24th, 2018 for gross proceeds of up to $400,000. Each Unit consists of; one common share (Share), and one stock warrant (Warrant) entitling the holder to purchase one Share per Warrant at a price of $0.07 per Share, for a period of 18 months ending May 1st, 2020. The proceeds will be used mainly to fund sales and marketing, as well as administrative expenses. One participant in the Private Placement is a director of DIAGNOS and, therefore, considered a related party of the Corporation within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (MI 61-101). The director is subscribing for 1,000,000 Units and, together with one related person, will exercise, as a result of the Private Placement, control over 3.01% of the common shares of DIAGNOS. The transaction is exempt from the valuation requirement and the minority approval requirement prescribed in MI 61-101 based on the fact that the fair market value of the related partys participation in the Private Placement does not exceed 25% of DIAGNOS market capitalization prior to the closing of the Private Placement. Shares issued as part of the Private Placement as well as the underlying Shares to be issued upon exercise of the Warrants are subject to a statutory four-month hold period ending March 1, 2019. The Private Placement is subject to final receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as the execution of formal documentation. All monies quoted in this press release shall be stated and paid in lawful money of Canada. About DIAGNOS DIAGNOS is a publicly-traded Canadian corporation with a mission of early detection of critical health issues through the use of its Artificial Intelligence (AI) tool CARA (Computer Assisted Retina Analysis). CARA is a tele-ophthalmology platform that integrates with existing equipment (hardware and software) and processes at the point of care. CARAs Artificial Intelligence image enhancement algorithms make standard retinal images sharper, clearer and easier to read. CARA is accessible securely over the internet, and is compatible with all recognized image formats and brands of fundus cameras, and is EMR compatible. CARA is a cost-effective tool for screening large numbers of patients in real-time and has been cleared for commercialization by several regulatory authorities such as Health Canada, the U.S. Food and Drug Administration and the European Union. Additional information is available at www.diagnos.com and www.sedar.com. For further information, please contact: Mr. Andr Larente, President Josh Falle DIAGNOS Inc. Momentum PR Tel: 450-678-8882 ext. 224 Tel: 514-416-4656 alarente@diagnos.ca josh@momentumpr.com This news release contains forward-looking information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements. DIAGNOS disclaims any intention or obligation to publically update or revise any forward-looking information, whether as a result of new information, future events or otherwise. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Neither the 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. 2018 Canjex Publishing Ltd. All rights reserved.