Coretec Group Inc (CRTG)

[iamthe walrus]

From the news release :

Funding to Accelerate Commercialization of Coretec's Proprietary CHS Technology

TULSA, OK / ACCESSWIRE / October 16, 2019 / The Coretec Group, Inc., (OTC PINK:CRTG) (the "Company"), a Company developing a portfolio of silicon-based materials ("CHS") to pursue commercial development of products in energy-focused verticals, and the Diversified Alpha Fund, LLP ("DAF"), a Cayman based regulated mutual fund, announced today they signed an Investment Agreement for a $2.5 million investment in The Coretec Group. The funding will take place over the next 15 months, beginning with the first advance received by the Company in October 2019. The instrument is interest only for 12 months with monthly principal and interest repayment over 36 months thereafter.

A CHS supplier has been identified and an agreement is expected in the near term. A number of parties have expressed non-binding interest in acquiring CHS once a source of supply is established.

Coretec CEO Michael Kraft said: "We're very pleased with the DAF investment. It allows us to build momentum in market adoption and commercialization activities. I thank Coretec shareholders for their continued confidence in Coretec and our technology portfolio."