AVEDA TRANSPORTATION AND ENERGY SERVICES INC ("AVE")
BULLETIN TYPE: Miscellaneous
BULLETIN DATE: March 2, 2017
TSX Venture Tier 1 Company
The TSX Venture Exchange (the "Exchange") approves the Company's proposed stand-by convertible debt facility for up to $5,000,000 (the "Facility") at an interest rate of 15% and a maturity date of May 31, 2019 ("Maturity Date").
The Facility will be provided by Werklund Capital Corporation and Werklund ventures Ltd., both non-arm's length parties to the Corporation (collectively, the "Lenders"). The Facility will be convertible into common shares of the issuer at $0.60 per common share.
For further details, please see the Company's press releases beginning January 2017.
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