Avante Corp V.XX

Alternate Symbol(s): ALXXF

Industrials Security & Protection Services

Avante Corp. is a provider of security operatives and technology enabled security solutions. The Company's activities are conducted through its subsidiaries, Avante Security Inc, Avante International Inc., Avante Holding Corp., The TOYBOXX Inc. and North Star Support Group S.R.L. It provides security services for residential and condominium customers in Toronto and Muskoka, Ontario through the use of advanced technology and a focus on client service. Its business provides a complete offering ranging from system design, sales, installations, and monitoring to services such as alarm response and patrols, personal protection, house staff training, and secure transportation. It has a specialized skillset in security integration, monitoring and electronic building management. It also provides consulting and installation of automation and security solutions for the residential market. Its offerings include Rapid Alarm Response services, and Intelligent Perimeter Protection Video Analytics.

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Avante Corp

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Post by Flyer123on Aug 28, 2020 6:29am

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Post# 31468349

Credit card facility of $350,00. Needed for what purposes?

Per June 30, 2020 financials Note 13:

"On November 23, 2018, the Company and its bankers entered into a new credit agreement to provide senior credit facilities to the Company. Under this agreement, the bank provided an acquisition facility of $10,000,000 (capped at $4,985,022 as of April 2, 2020)......and a credit card facility of $350,000 (March 31, 2020: $350,000)."

Can anyone provide examples of what this is needed for or used for, and how it works?

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