This is very welcome news...
and long awaited.
=====================
Press Release Source: Hypertension Diagnostics, Inc.
Hypertension Diagnostics Shareholders Approve Special Meeting Proposal; Company Meets Conditions to Obtain Waiver of Certain Events of Default
Friday October 25, 4:44 PM ET
ST. PAUL, Minn., Oct. 25 /PRNewswire-FirstCall/ -- Hypertension Diagnostics, Inc., (Nasdaq: HDII - News) announced today that it reconvened its Special Meeting of Shareholders at 3 p.m. local time today at the Company's offices at 2915 Waters Road, Suite 108, Eagan, Minnesota 55121. The Special Meeting had been adjourned from the original meeting date of September 25, 2002.
The Special Meeting was called for the purposes of allowing the Company's shareholders to consider and approve Proposal 1: The issuance of Common Stock equal to 20% or more of the outstanding Common Stock of the Company upon (a) conversion of $2,000,000 aggregate principal amount of 8% Convertible Notes due March 27, 2005 and (b) exercise of certain Common Stock Purchase Warrants. Since a majority of the Company's shares were represented at the reconvened Special Meeting today, a quorum was present. Proposal 1 was approved by a majority of the shares present in person or represented by proxy at the Special Meeting. Accordingly, Proposal 1 has been adopted by shareholders of the Company.
<abridged>
=====================
biz.yahoo.com |
