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| Home : Growth Works Capital Obtains Additional Secured Debt Financing |
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Jul 31
2014 |
Growth Works Capital Obtains Additional Secured Debt Financing |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 30, 2014) - Matrix Asset Management Inc. ("Matrix") announces that its subsidiary, Growth Works Capital Ltd. ("GWC"), has obtained an additional $362,250 ("Additional Loan") from the independent Canadian lender ("Lender") that previously extended to GWC a $5 million loan announced on October 1, 2013 and December 30, 2013 (together with the Additional Loan, the "Entire Loan"). In connection with the Additional Loan, the Chief Executive Officer of Matrix has agreed to advance a $400,000 loan ("CEO Loan") on terms substantially similar to the Additional Loan. |
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| Source:http://www.marketwired.com/mw/release.do?id=1934233&sourceType=3 |
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