Reminder: Credit Facility - $25 million for 3 yearsI see posts on other platforms about Stage not being able to raise capital lol. So just as a reminder for those thinking they don't have financing in place if they need it (close to cash flow positive??)
TORONTO, ON / ACCESSWIRE / November 21, 2022 / StageZero Life Sciences Ltd. ("StageZero" or the "Company") (TSX:SZLS) today announced that it has entered into a capital commitment agreement (the "Agreement") with GEM Global Yield LLC SCS ("GGY") for a CAD $25 million Capital Commitment ("CC").
StageZero has the right, but not the obligation, to draw down under the CC for a term of 3 years.