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GéoMégA Resources Secures $750,000 in Bridge Financing from Sidex
May. 13, 2013 07:28AM PST
Rare Earth InvestingGéoMégA Resources Inc. (TSXV:GMA) announced that they have received a $750,000 bridge loan from SIDEX, Limited Partnership.
GéoMégA Resources Inc. (TSXV:GMA) announced that they have received a $750,000 bridge loan from SIDEX, Limited Partnership.
As quoted in the press release:
The loan is secured by GéoMégA’s tax credits receivable from Revenu Québec for the fiscal year ended in 2012 and related to mineral exploration. The loan must be repaid upon the receipt of said tax credits and bears interest at an annual rate of 8%.
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