Coretec Group Inc (CRTG)

[iamthe walrus]

New 8K filing , company raises 2.5 million in a loan that is associated with one of the companies board members C. Simon whos company Calton James was the inactor of the loan. Calton James Diversified Alpha Fund of Navigator Global Fund Manager Platform. Terms of the loan call for the paying off of all the companies debt namely Golden State $ 90,000 loan and advancements up to 175,000 a month if needed for the companies business plan needs.You can read through it yourself at the company website SEC fillings



On October 15, 2019, The Coretec Group, Inc. (the “Company”) received the first advance of financing under a credit agreement (the “Credit Agreement”) and related convertible promissory note (the “Note”) that the Company entered into, on October 11, 2019, with Diversified Alpha Fund of Navigator Global Fund Manager Platform SPC, a Grand Cayman entity (the “Lender”).


The Credit Agreement and Note, among other things, provide for borrowings by the Company from the Lender in an aggregate principal amount of up to $2,500,000, to be issued in advances from time to time in aggregate amounts not to exceed $175,000 in any thirty day period. Interest and fees payable under the Agreement shall be determined pursuant to the terms set forth in the Credit Agreement and Note.