Techprecision Corp (TPCS)

[AlexSwiss]

$TPCS news!!
Small Market Cap for a jewel with Two profitable Quarters!!

ALL GOOD:

1)Revere agreed to loan an aggregate of $2.25 million to Ranor. In connection with the Amendment, Ranor entered into an Amended and Restated Term Loan Note in the aggregate principal amount of $1.5 million (the "Note A") and an Amended and Restated Term Loan Note in the aggregate principal amount of $750,000 (the "Note B" and together with the Note A, the "Notes"), each in favor of Revere and each dated January 22, 2016.

2) The Amendment (a) extends the maturity date of the term loans made pursuant to the TLSA to January 22, 2018

3) Revere reduces the annual interest rate on the unpaid principal balance of the loans to 10% per annum (the "Interest Rate") from 12% per annum!