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ESO Uranium (TSXV:ESO) announced that it has received a loan for $525,000 from a director of the Company.
The terms of the Loan provide for: (i) a term of 2 years, maturing on October 31, 2014; (ii) interest at the rate of 10% per annum; (iii) security in the form of a GSA; and (iv) the issue of 1,000,000 bonus shares of ESO. The issue of the bonus shares is subject to the acceptance of the TSX Venture Exchange.
Click here to read the ESO Uranium (TSXV:ESO) press release
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