MedX Health Corp. Announces $500,000 Debt Financing
MISSISSAUGA, ON--(Marketwired - July 15, 2015) - MedX Health Corp. ("MedX" or the "Company") (TSX VENTURE: MDX) announced that it has completed a $500,000 term loan with a party related to a Director of the Company. The loan is for three years, with an 8% interest rate paid quarterly, and no principal payments to maturity. The Company has the option to repay the loan at any time without penalty. The lender has the option of requiring the principal portion to be repaid in monthly installments to maturity, if certain financial targets are not being met. The debt will be secured by a general security agreement.
