The Conversation (0)
TORONTO, ONTARIO–(Marketwired – Sept. 16, 2013) – Xylitol Canada Inc. (“Xylitol Canada”, or the “Company”) (TSX VENTURE:XYL) is pleased to announce today that it has completed a $3 million debt financing (the “Loan”) with Dundee Agricultu…
TORONTO, ONTARIO–(Marketwired – Sept. 16, 2013) – Xylitol Canada Inc. (“Xylitol Canada”, or the “Company”) (TSX VENTURE:XYL) is pleased to announce today that it has completed a $3 million debt financing (the “Loan”) with Dundee Agricultural Corporation (“Dundee”). The Loan accrues interest at a rate of 1.0% per month.
Andrew Reid, CEO of Xylitol is quoted saying
Major food manufacturers are looking at ways to incorporate natural sweeteners into their products due to the demands of health conscious consumers, and the natural sweetener market is as a result expanding more rapidly than all other sweetener markets. Having the support of Dundee as we press forward with our commercialization efforts is beneficial to the Company and our plans for the future.
Click here to see the full press release.