|
TORONTO, ONTARIO--(Marketwired - July 13, 2017) - Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) announces today that it has entered into an agreement with Great Harvest Canadian Investment Company Limited ("Great Harvest"), Adex's largest shareholder, to extend the maturity of the loan made to Adex of up to US$1 million by Great Harvest (the "Loan") to December 31, 2017. The Loan was made available to Adex pursuant to a loan agreement with Great Harvest dated July 14, 2016, and advances under the Loan were originally due to mature on July 14, 2017. The Loan, of which US$750,000 had been drawn as of May 31, 2017, bears interest at 8% per annum and the loan agreement entitles the Company to effect repayment of amounts drawn under the Loan at any time prior to maturity, without penalty. A copy of the loan agreement may be found on the Company's SEDAR profile at www.sedar.com. |
