|
TORONTO, ONTARIO--(Marketwire - Sept. 7, 2012) - Gemoscan Canada, Inc. ("Gemoscan" or the "Corporation") - (TSX VENTURE:GES) (MUN:1GE) wishes to announce that it has entered into an unsecured loan agreement with an arm's length party (the "Lender"). The Lender has provided the Corporation a $150,000 loan (the "Loan"), bearing interest at a rate of 8% per annum and which matures on August 31, 2013. Additionally, in connection with the Loan, the Lender will receive a bonus 129,032 Class A Shares (the "Shares") in the capital of the Corporation at a price of $0.2325 per Share. All Shares are subject to a statutory four month plus one day hold period from August 31, 2012. |
