SOURCE: Symbility Solutions Inc.

February 11, 2015 08:00 ET

Symbility Solutions to Issue Shares to Independent Directors

TORONTO, ON--(Marketwired - February 11, 2015) - 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 October 1, 2014 to December 31, 2014 by issuing shares, pending approval from the TSX Venture Exchange. The Corporation will issue 82,136 Common Shares with a deemed value of $0.37 per share (for an aggregate value of $30,390) to the independent directors of the Corporation for services provided. Such aggregate value is the 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 or follow Symbility on Twitter at @symbility and on LinkedIn at symbility-solutions.

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