|
TORONTO, ONTARIO--(Marketwired - Sept. 15, 2014) - Niagara Ventures Corporation ("the Corporation") (TSX VENTURE:NIA.P), a capital pool company, announced today that in conjunction with its proposed qualifying transaction with Blu-Dot Beverage Company Inc. ("Blu-Dot") and further to its news release of July 3, 2014, it has set up the availability, in tranches, of a bridge loan up to the maximum aggregate amount of $250,000 (the "Bridge Loan") to Blu-Dot to provide additional working capital to Blu-Dot. Each tranche will be advanced in exchange for a promissory note that bears interest at 12% per annum and is payable on demand. The Bridge Loan is supported by a general security agreement providing a security interest in favour of the Corporation over all assets and property, present and after-acquired, of Blu-Dot. |
