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| Home : Futura Completes Loan Agreement and Raises $300,000 |
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Aug 29
2012 |
Futura Completes Loan Agreement and Raises $300,000 |
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TORONTO, ONTARIO--(Marketwire - Aug. 28, 2012) - The Futura Loyalty Group Inc. (TSX VENTURE:FUT) (the "Company") today announced that it has entered into a loan agreement and raised $300,000 from an arm's length party. Interest will accrue at a rate of 0% per annum until September 30, 2012 and at the rate of 12% thereafter until the maturity date of November 1, 2012. The lender has been granted a first security position and proceeds will be used for working capital purposes. |
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| Source:http://www.marketwire.com/mw/release.do?id=1695293&sourceType=3 |
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