Ceapro Announces Closing of $1,600,000 Non-Dilutive Financing
19 12월 2013 - 6:45AM
Marketwired
Ceapro Announces Closing of $1,600,000 Non-Dilutive Financing
EDMONTON, ALBERTA--(Marketwired - Dec 18, 2013) - Ceapro Inc.
(TSX-VENTURE:CZO) is pleased to announce that it has closed a loan
facility with Agriculture Financial Services Corporation (AFSC)
which will provide Ceapro with commercial financing of up to
$1,600,000 for its new manufacturing facility currently under
construction in Edmonton. The loan will be for a five year term at
an interest rate of 3.91%.
"We are pleased to close this agreement with our long term
partner AFSC to provide this non-dilutive funding for our new
Edmonton facility," said Gilles Gagnon, President and CEO of
Ceapro.
"The terms of this loan facility provide funding at a very
reasonable cost and with no dilution to Ceapro shareholders and
recognizes the strong value added contribution that Ceapro's
technology provides to agriculture feedstocks.
"We are fortunate to be in Alberta where the support for
innovation and commercialization technologies is very positive. It
is truly gratifying that AFSC, which has been with us from the
beginning, will be part of the biggest and most exciting project in
our corporate history. We look forward to continuing to add value
to agri-products addressing health needs and help create a
bioprocessing centre of excellence in Alberta," added Mr.
Gagnon.
About Ceapro Inc.
Ceapro Inc. is a Canadian growth-stage biotechnology company.
Primary business activities relate to the development and
commercialization of active ingredients for personal care and
cosmetic industries using proprietary technology and natural,
renewable resources. To learn more about Ceapro, visit
www.ceapro.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Ceapro Inc.Branko JankovicChief Financial
Officer780.917.8376bjankovic@ceapro.comwww.ceapro.com
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