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ODS

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Share Name Share Symbol Market Type
TSXV:ODS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ODESIA Proceeds With a Shares for Debts

26/07/2013 9:00pm

Marketwired Canada


ODESIA Group Inc. ("ODESIA" or the "Company") (TSX VENTURE:ODS), a Canadian
information technology consulting and solutions company, specialized in Business
Intelligence (BI), Business Process Management (BPM) and Big Data Analytics,
announces it has made a gentlemen share for debt with Le Fonds de croissance Cap
Diamant Inc. ("Cap Diamant").


Cap Diamant was the holder of a convertible debenture issued by the Company (the
"Debenture") for which the balance due at its maturity date, July 21, 2013, is
of $102,666.67 in capital and $3,157.66 in interest, representing a global
amount of $105,824.33 (collectively, the "Debt").


The conversion price of the Debt into Common Shares will be the greater of: i)
$0.061 per Common Share; and ii) the discounted price of the Common Shares on
the trading day preceding this press release, subject to a minimum price of
$0.05 per Common Share.


The share for debt is subject to the final approval by the TSX Venture Exchange
and, if applicable, approval of other regulatory authorities. In addition, the
Common Shares to be issued will be subject to mandatory hold period of four (4)
months and one (1) day.


About ODESIA Group Inc.

Founded in 1998, ODESIA Group Inc. is a Canadian Information Technology (IT)
consulting and solutions company headquartered in Montreal. ODESIA offers
solutions in Business Intelligence, Business Process Management and Big Data
Analytics. ODESIA's mission is to help its clients improve operations
efficiency, enhance process performance and make better business decisions by
mastering the right information at the right time and the right place. Website:
www.odesia.com


ODESIA is listed on the Toronto Venture exchange under the symbol "ODS".

Disclaimer in regards to forward-looking statements

This press release contains forward-looking statements which reflect ODESIA's
current expectations regarding future events and may involve risks or
uncertainties. Actual results could differ materially from those projected
herein.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
ODESIA Group Inc.
Mr. Nicolas Bonnafous,
President and CEO
514.876.1155
nbonnafous@odesia.com

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