GREY:LGLTF - Post by User
Comment by
Cadilacon Oct 17, 2016 10:27am
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Post# 25350835
RE:Excellent news today
RE:Excellent news todayYep finally excellent news , on Sedar just now :
KGIC Inc. (formerly, Loyalist Group Limited) For Immediate Release TSX Venture Exchange Symbol "LRN" KGIC Inc. Announces Proposed $9.725M Loan Facility TORONTO, ONTARIO-- (Marketwired – October 17, 2016) – KGIC Inc. ("KGIC" or the "Company") (TSX Venture: LRN) is pleased to announce that it has received a firm commitment from a third party lender for a proposed secured loan in the aggregate amount of up to $9.725 million (the “Loan”). Funding of the Loan is conditional on the Company completing its previously announced capital restructuring and debt settlement plan (which is more fully described in the news release of the Company dated September 26, 2016) on or before October 31, 2016 (the “Debt Settlement Plan”).