Replies to post #920 on Resverlogix Corp. (RVXCF)

[Phoenix300]

Resverlogix Announces 3-Month Loan Extension


CALGARY, Alberta, May 02, 2019 (GLOBE NEWSWIRE) -- Resverlogix Corp. (“Resverlogix” or the "Company") (TSX: RVX) today announces that it has entered into an amending agreement with Third Eye Capital (acting as agent for a syndicate of lenders) to extend the maturity date of the Company’s senior secured term loan by three months to August 4, 2019. In addition, the lenders agreed to reduce the minimum cash balance that the Company is required to maintain from US$5 million to US$3 million. An extension fee of $200,000 is payable in connection with the amendment.

[growacet]

And the news is, loan extended 3 months....

Not bad, and the minimum cash requirement is lowered to $3 million. Sweet.

https://finance.yahoo.com/news/resverlogix-announces-3-month-loan-211232907.html