Police have now identified a 23-year-old man who was stabbed to death in downtown London.

Officers responded to reports of a stabbing on Richmond between King and Dundas around 11:30 p.m. on Friday.

The victim was found by paramedics on the sidewalk suffering from multiple stab wounds. He was rushed to LHSC where he was pronounced dead a short time later.

A suspect was initially taken into custody, but Police said Saturday evening that the individual had since been released without charges.

No further details on suspects have been provided at this time.

Jim Ferreira, owner of the Grinning Gator Bar and Grill, told AM980 an altercation happened on the sidewalk involving two men and a woman.

"After co-operating with the police, and thankfully having video cameras to aid the investigation, we witnessed, basically, a black gentleman and a white female head [down] Richmond Street, heading southbound, [go] up to [another] gentleman and the group he was at, [and begin] a fist fight. While trying to move around and defend himself, the woman attacked the victim from behind, which made him fall against the brick wall of the building," said Ferreira.

Ferreira says as the victim was down, the other man physically jumped on top of the victim, stabbing him multiple times with what looked like a "knife or blade of some sort."

"Myself and the staff were out there within seconds to aid the victim, and to try and apprehend the suspect, [who] ran north on Richmond Street and turned left on Dundas," Ferreira said.

A bystander walking by, who happened to be a nurse, applied pressure to the victim's stab wounds to help stop bleeding, Ferreira said.

"What I was thinking was, I was in shock because, here was this young gentleman who had just been physically beaten and stabbed, bleeding profusely, and we were torn as to 'do we continue our pursuit to apprehend the suspect, or do we stay and look after [the victim],'" Ferreira said. "My staff and I made the call to stay with the victim and do what we could to help him survive until paramedics and police arrived."

Police, he said, told him he made the right decision.

"This person [the suspect], seemed to look like they were on a mission, according to the video camera," said Ferreira. "He was armed and dangerous, and for all we know, it could have happened to one of our staff. [..] We want to make sure that people know they can be assured we've taken every precaution to make the establishment a safe venue for all, regardless if it's during the day, early evening, or night."

Police are expected to issue further updates on the investigation this weekend, and AM980 will have the very latest information as it becomes available.

This is London's third homicide of 2015.

29-year-old James Willits was beaten to death inside his sixth floor apartment unit at 297 Baseline Road West on Monday, March 2nd. Police have since arrested and charged three people with second degree murder.

The following week, on March 9th, 36-year-old Mark Andrew McCullagh was shot to death outside his home at 504 English St. No arrests have been made yet in that case, although Police said witnesses reported seeing three men flee the scene in a red, four-door pick-up truck.