TORONTO, ONTARIO--(Marketwired - April 22, 2014) - Symbility Solutions Inc. (TSX VENTURE:SY), a global software company dedicated to developing cloud-based applications for the property and health insurance industries, today announces its intent to satisfy its obligation to pay independent director fees for the period January 1, 2014 to March 31, 2014 by issuing shares, pending approval from the TSX Venture Exchange. The Corporation will issue 90,134 Common Shares with a deemed value of $0.3639 per share (for an aggregate value of $32,803.20) to the independent directors of the Corporation for services provided. Such aggregate value is the aggregate net amount owing to the independent directors after making all statutorily required source deductions.
About Symbility Solutions Inc.
Symbility Solutions® (TSX VENTURE:SY) is a global provider of cloud-based and smartphone/tablet-enabled claims technology for the property and health insurance industries. Designed to be flexible and easy-to-use, Symbility Solutions' two product suites, Symbility Property™ and Symbility Health™, empower insurers to collaborate across the entire claims processing workflow and reduce costs while delivering a market-leading claims experience. For more information please visit www.symbilitysolutions.com or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.
All trade names are the property of their respective owners.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.