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MONTRÉAL, QUÉBEC--(Marketwired - Aug. 4, 2017) - Orbite Technologies Inc. (NEX:ORT.H) ("Orbite" or the "Company") today announced that, further to its press release of August 2, 2017, it has completed the $6.8 million Debtor-in-possession ("DIP") financing and received the $4.6 million initial tranche. The remaining $2.2 million minus the fees and expenses of the financing were transferred to be held in trust by PricewaterhouseCoopers, in its capacity as court appointed Monitor, and will be released to Orbite upon approval of the CCAA Court. |
