|
| Home : Spectra7 Amends Loan Agreement |
|
Sep 25
2014 |
Spectra7 Amends Loan Agreement |
|
TORONTO, ONTARIO--(Marketwired - Sept. 25, 2014) - Spectra7 Microsystems Inc. (TSX VENTURE:SEV) ("Spectra7" or the "Company"), a high performance interconnect company delivering unprecedented bandwidth, speed, and resolution to enable new classes of industrial design for market-leading consumer electronics, today announced that it has amended the terms of its previously announced loan agreement between the Company and a schedule III bank (the "Lender") made as of February 5, 2013, as amended (the "Loan Amendment"). Pursuant to the terms of the Loan Amendment, the Lender was granted warrants (the "Bonus Warrants") to purchase 48,990 common shares of the Company at a price of $0.40825 per share exercisable at any time up to August 5, 2016. The Bonus Warrants are subject to a hold period expiring on January 24, 2015. The issuance of the Bonus Warrants is subject to the acceptance of the TSX Venture Exchange. |
|
|
|
| Source:http://www.marketwired.com/mw/release.do?id=1950615&sourceType=3 |
| |
|
Related News
|
» SolidusGold Inc. Announces Financing
» VersaPay Retires Outstanding Debt
|
|
|
