The Tirex Corporation (TXMC)

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I often find their press releases to be vague. What does this mean exactly? Did they get a loan recently? Or this something older from their Canadian days?

“The other portion is a loan with The Laurus Master Fund (New York) for approximately $1 million in principal and interest,” Threshie said. “Tirex management recently determined that the statute of limitations for the loan and other legal and financial obligations in New York and Canada would permit Tirex to formally address its expiration,” Threshie added.