Vancouver, BC, Canada, October 3, 2013 - Auxellence Health Corporation (CNSX:AID) (the "Company" or "Auxellence") is pleased to announce that the private placement previously announced is oversubscribed and the company will not be accepting further subscriptions.
The company is also announcing that it is negotiating with various parties whom have loaned funds to the company to convert those loans into a convertible debenture at the current financing price.
The company will announce the final details of the financing and the convertible debenture on the closing of the financing expected to be on or around October 8th, 2013.
Sydney Au, President & CEO
Auxellence Health Corporation
Phone: (604) 780-3311
About Auxellence Health Corporation
Auxellence is a health technology company that aims to provide high-level online services to consumers, providers and suppliers of health care products and services, including refining the effectiveness of prescribing services to the Over-The-Counter (OTC) consumer and natural health industry. Integrating innovative therapeutic and diagnostic (theragnostic) devices (hardware components), along with an interactive Expert System and Recommender "PRESCRIPTOR" engine (software platform) the system acquires physiological data to offer personalized health solutions to everyday common health issues (initially targeting weight management and skin health-acne).
Disclaimer for Forward-Looking Information Statements in this press release regarding the Company which are not historical facts are "forward-looking statements" that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as "may", "will", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated in such statements due to factors. Except as required by law, the Company does not intend to update any changes to such statements. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such. Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.
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