$PLUR subsidiary takes out load Today the occupational cybersecurity company, Purilock Security Inc. ($PLUR.V $PLCKF) announced that it has obtained a revolving line of credit from Crestmark for up to $2M.
The proceeds of the Loan will be used by $PLUR's subsidiary Aurora for working capital purposes.
$PLUR CEO Ian L. Paterson described the credit facility as "a shareholder-friendly financing alternative" that is expected to provide "working capital needs at Aurora and enables the Company to focus on its growth plans, which include strategic acquisitions and organic growth from our innovative suite of zero trust identity products."
With this news $PLUR is trading slightly down. Personally, I think it is a good time to jump in and buy the dip as IMO this load will be good for $PLUR and its growth in the long run.
https://ca.finance.yahoo.com/news/plurilocks-aurora-systems-secures-us-120000262.html
$PLUR @ $0.33
MC $23.015M