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TORONTO, ONTARIO--(Marketwired - Dec. 30, 2013) - Advantex Marketing International Inc. (CNSX:ADX) ("Advantex" or the "Company"), a leading specialist in marketing services industry, today announced that it has completed its planned refinancing (the "Refinancing"). The Company sold, by way of private placement, 5,159 units (each a "Unit"), at $1,000 per Unit, comprised of (i) $1,000 face value secured non-convertible debentures of Advantex (the "New Debentures") bearing interest at 12% per annum and maturing on September 30, 2016 and (ii) 8,150 common shares in the capital of the Company. The amount refinanced was $5.2 million. |
