Bullboard - Stock Discussion Forum International Zeolite Corp IZCFF

Primary Symbol: V.IZ

International Zeolite Corp. is a vertically integrated industrial minerals company. Its principal business activities are the exploration and development of mineral properties and the development, marketing and sales of industrial commercial products from the production of its properties and the supply of raw materials from third party suppliers. Its segments include exploration and development... see more

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TSXV:IZ - Post Discussion

International Zeolite Corp > IZ DID Get A Loan From CoTec Nov/22/22

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Post by phantom666 on Aug 16, 2023 11:04am

IZ DID Get A Loan From CoTec Nov/22/22

CoTec Holdings Corp. – Management Discussion & Analysis – June 30, 2023 (Expressed in Thousands of Canadian Dollars Unless Otherwise Stated)

International Zeolite Loan Note-

The Company’s $300 loan note to International Zeolite Corp (“IZ”) remains outstanding as at quarter-end. The loan note is fully secured through a first ranking charge in favor of CoTec over all of IZ’s assets (“IZ Loan”). The note attracts interest at 7% per annum and is repayable at the earlier of November 1, 2024 and a change of control at IZ.

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