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| Home : Adex Mining Announces Obtaining Loan of Up to Additional US$1,000,000 |
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Aug 16
2014 |
Adex Mining Announces Obtaining Loan of Up to Additional US$1,000,000 |
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TORONTO, ONTARIO--(Marketwired - Aug. 15, 2014) - Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) announces that it has entered into a loan agreement with Great Harvest Canadian Investment Company Limited ("Great Harvest") to provide an unsecured loan of up to US$1,000,000 (the "Loan"). The Loan can be advanced in one or more instalments. The outstanding amount of the Loan is repayable on August 15, 2015 (the "Maturity Date") without any deduction or withholding. The Company may make early repayment of the Loan at any time prior to the Maturity Date without any prepayment penalty. The Loan will accrue interest at a rate of 8% per annum, with the accrued interest to be paid at the time of the repayment of the Loan. The Loan is in addition to the unsecured US$1,000,000 loan provided by Great Harvest to the Company earlier this year. |
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| Source:http://www.marketwired.com/mw/release.do?id=1938973&sourceType=3 |
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