|
| Home : Organto Enters Into US$590,000 Loan Agreement Convertible Into Common Shares at C$0.42 |
|
Apr 05
2016 |
Organto Enters Into US$590,000 Loan Agreement Convertible Into Common Shares at C$0.42 |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 4, 2016) - Organto Foods Inc. ("Organto" or the "Company") (TSX VENTURE:OGO) announces that together with its wholly-owned subsidiary, Organto Guatemala, S.A. it has entered into a secured convertible promissory note with SG Strategic Income Limited (the "Lender") pursuant to which the Lender has agreed to lend the Company US$590,000 (the "Loan") until March 30, 2017. Outstanding amounts will incur interest at a rate of 5% annually. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=2111500&sourceType=3 |
| |
|
Related News
|
» GB Minerals Ltd. Announces Proposed US$11,185,000 Private Placement
» Barkerville Announces $13.5 Million Bought Deal Private Placement Financing
|
|
|
