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| Home : Adex Mining Announces Repayment of Great Harvest Loans |
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Mar 06
2015 |
Adex Mining Announces Repayment of Great Harvest Loans |
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TORONTO, ONTARIO--(Marketwired - March 5, 2015) - Adex Mining Inc. ("Adex" or the "Company") (TSX VENTURE:ADE) is pleased to announce the early repayment, in full including accrued and unpaid interest, of both of its outstanding term loans advanced in 2014 by Great Harvest Canadian Investment Company Limited ("Great Harvest"), Adex's largest shareholder. Great Harvest provided two US$1 million loans (the "Loans") to the Company pursuant to loan agreements (the "Agreements") dated January 28, 2014 and August 15, 2014, respectively, the latter of which was eligible to be drawn by Adex in installments. Each Loan was to mature 12 months from the date of the applicable Agreement; in the case of the January 28, 2014 Agreement, the Company and Great Harvest agreed to extend the maturity. Copies of each Agreement may be found on the Company's SEDAR profile at www.sedar.com. |
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| Source:http://www.marketwired.com/mw/release.do?id=1998038&sourceType=3 |
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