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| Home : Reko Announces Signed Commitment Letter to Refinance Mortgage |
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Nov 27
2012 |
Reko Announces Signed Commitment Letter to Refinance Mortgage |
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WINDSOR, ONTARIO--(Marketwire - Nov. 26, 2012) - Reko International Group Inc. (TSX VENTURE:REK) ("Reko"), announced that it has signed a commitment letter with Motor City Community Credit Union ("Motor City") to refinance its mortgage. Reko's existing mortgage was due on July 1, 2013.
After finalization of the legal terms and securitization of the assets pledged, Reko will generate sufficient funds to repay its existing mortgage and pay all legal expenses associated with the mortgage. Reko and Motor City anticipate closing the transaction prior to the end of Reko's second quarter. |
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| Source:http://www.marketwire.com/mw/release.do?id=1730115&sourceType=3 |
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