March 3 (Reuters) - Medx Health Corp MDX.V :
* MEDX HEALTH CORP. ANNOUNCES PROPOSED DEBT SETTLEMENT
* AGREEMENT TO SETTLE $372,071 OF DEBT OWED TO AN ARM'S LENGTH TRADE CREDITOR, SUBJECT TO ALL RELEVANT CONSENTS AND APPROVALS
* UNDER DEBT SETTLEMENT AGREEMENT, $372,071 OF TRADE DEBT WILL BE SETTLED BY ISSUANCE OF 3,103,878 UNITS AT A PRICE OF $0.12 PER UNIT