TORONTO, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Aylen Capital Inc. (the “Company”) (CSE: AYL) announced today that
it has obtained an increase in its line of credit (LOC) from $50,000 to $100,000 expiring December 31, 2019. The LOC is being
provided by John Pennal, the President and CEO of the Company. Advances under the LOC will be repayable on demand, will bear
interest at the rate of 5% per annum, will be secured against all the assets of the Company and will be convertible into common
shares of the Company at the rate of $0.02 per share being the last closing price of the Company’s shares. Advances under the LOC
may be used by the Company for working capital purposes.
About Aylen Capital Inc.
Aylen Capital Inc. carries on a web-based survey and data collection business based in Markham, Ontario under
the name Grapevine Solutions (“Grapevine”). In addition it has a venture investment in a private company.
For further information:
John Pennal
President and Chief Executive Officer
Aylen Capital Inc.
(416) 956-4926
