Mr. Santhosh Kumar reports
ADVANTEX ANNOUNCES COMPLETION OF FINANCING AND EXTENSION OF MATURITY DATE OF PREVIOUSLY ISSUED DEBENTURES
Advantex Marketing International Inc. has completed a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture, which bears an interest rate at 12 per cent per annum and matures Dec.
15, 2027. The proceeds raised from this issuance of the debenture will be used for working capital purposes.
Advantex has also extended the maturity of its existing $700,000 in 12 per cent secured debentures from Oct. 10, 2026, to Dec.
15, 2027.
About Advantex Marketing International Inc.
Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.
We seek Safe Harbor.
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