Friday, October 31, 2014 3:38:13 PM
http://tcaglobalfund.com/
Date : 10/30/2014 @ 9:00AM
Source : Business Wire TCA
Quote : 0.034 0.0 (0.00%) @ 2:05AM
Closes $5 MM Line of Credit With xxxx
Today : Thursday 30 October 2014
Click Here for more xxxx Inc. (PC) Charts.
xxxx Inc. (OTC PK: xxxx), the leader in electronic check solutions for internet and mobile payments, announced today that it has secured a $5 million USD line of credit from TCA Fund Management Group (“TCA”), a U.S.-based investment management company that specializes in senior secured lending and advisory services to small and medium sized companies.
Terms of the agreement are that xxxx will initially draw down approximately $550,000; will pay approximately $60,000 in fees in cash; issue approximately 3.8 MM shares and establish a share reserve fund (to be determined) to TCA and its associates.
“We are very pleased that TCA, through an extensive due diligence process, has partnered with us on this credit facility," said CEO
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