GREY:LGLTF - Post by User
Post by
60606060on May 13, 2016 10:49am
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Post# 24870076
Yes Vote Coming
Yes Vote Coming The initial completion of $1,825,000 in funding is also in accordance with a Memorandum of Understanding (the "MOU") dated April 7, 2016 between the Company and Bank of Montreal ("BMO"). The first stage closing meets the Company's financing requirements for the near term operational forecast. The Company is also pleased to announce that the previous Forbearance Agreement with BMO is terminated and the Company plans to complete final term loan agreements with BMO in accordance with the MOU and execute aggressively its new management plan.