RE:There is no new loan Please read the last line of the NR.
Selectcore agreement for $2,525,000 loan
2014-02-26 16:31 ET - Miscellaneous
The TSX Venture Exchange has accepted for filing Selectcore Ltd.'s documentation pertaining to a loan agreement between Selectcore and various arm's-length and non-arm's-length lenders. The lenders have provided a $2,525,000 loan, bearing interest at a rate of prime plus 7 per cent per year and having a up to a two-year term. Additionally, the exchange has accepted for filing a bonus of up to 2,525,000 warrants (each exercisable into one common share at a price of 15 cents for a two-year period) to be issued to the lenders in connection with the loan.
For more information, refer to the company's news release dated Feb. 6, 2013.