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Provider: Reuters Investment Profile
Provider: Pechala's Reports

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LiveReel Media Corp Enters Loan Agreement; Announces Management Changes

Friday, 22 Mar 2013 04:00pm EDT 

LiveReel Media Corp announced that it has entered into a Loan Agreement in the principal amount of $150,000 (the Loan) with Difference Capital Funding Inc., an arms-length party. The Loan is unsecured, has a term of 12 months, bears interest at 12% per annum, payable on maturity or termination, as the case may be, and may be repaid in advance without penalty. The Corporation intends to use the proceeds of the Loan to pay out all of its existing indebtedness and the balance for working capital purposes. Mr. Meretsky resigned as Chief Executive Officer and was replaced by Michael Wekerle. Steve Wilson, the Corporation's Chief Financial Officer resigned and was replaced by Henry Kneis. 

Company Quote

0.01 +27.27%
10 Jun 2014