|
| Home : Yalian Steel Obtained RMB 40 Million Bankers' Acceptance Notes From Industrial Bank Co., Ltd |
|
Jun 22
2012 |
Yalian Steel Obtained RMB 40 Million Bankers' Acceptance Notes From Industrial Bank Co., Ltd |
|
VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 21, 2012) - Yalian Steel Corporation (TSX VENTURE:YL) ("Yalian" or the "Company") announces that it has obtained a short term credit facility for up to RMB 20 million (CAD$3.2 million) from Industrial Bank Co., Ltd of People's Republic of China. This credit facility will be mainly used for issuance of bankers' acceptance notes which are financial instruments commonly used in China for purchase settlements. Up to date, RMB 20 million has been earmarked for obtaining RMB 40 million (CAD $6.4 million) bankers' acceptance notes from Industrial Bank Co., Ltd. |
|
|
|
| Source:http://www.marketwire.com/mw/release.do?id=1672467&sourceType=3 |
| |
|
Related News
|
» Medifocus Inc. Announces Closing of Private Placement Medifocus Inc.
» Essex Angel Capital Inc. Extends Closing Date of Private Placement of Common Shares
|
|
|
