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Kaizen Discovery (TSXV:KZD) has received C$2 million from its majority shareholder, HPX TechCo, as a partial drawdown of a $5 million unsecured loan facility from the company. As quoted in the press release: The C$5.0 million loan facility was established in 2013 as part of the reverse take-over transaction with HPX. Kaizen now has made …
Kaizen Discovery (TSXV:KZD) has received C$2 million from its majority shareholder, HPX TechCo, as a partial drawdown of a $5 million unsecured loan facility from the company.
As quoted in the press release:
The C$5.0 million loan facility was established in 2013 as part of the reverse take-over transaction with HPX. Kaizen now has made three drawdowns on the loan facility, totalling approximately C$3.7 million. A balance of approximately C$1.3 million remains available to be drawn by Kaizen in the future.