GéoMégA Resources Secures $750,000 in Bridge Financing from Sidex

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%.

To view the whole press release, click here.