RW Packaging Arranges New Financing Agreement
13 12월 2007 - 7:25AM
Marketwired
WINNIPEG, MANITOBA (TSX VENTURE: RWP) announced today it has
negotiated a new financing agreement (the "Agreement") with the
Royal Bank of Canada ("RBC") for up to $1.75 million consisting of
an operating facility and term loan. The Agreement replaces an
existing financing agreement for up to $1.5 million arranged with
RBC in October, 2006. The financing agreement contains customary
covenants.
The new financing will be used for general working capital
needs, and provide the Company the expected necessary financial
resources to complete its proposed substantial issuer bid and going
private transaction. Both credit facilities presently remain
undrawn.
RW is GMP licensed and ISO 9001 registered. The Company blends
and packages liquid and powder private brand consumer products for
major retailers and national brand marketers across North
America.
Additional information relating to the Company is available
online at www.sedar.com or the Company's website at
www.rwpackaging.com
Shares Issued 6,587,680
2007-12-11 Close $0.61
The TSX Venture Exchange has not reviewed, and does not accept
responsibility for, the adequacy or accuracy of this release.
Contacts: RW Packaging Ltd. Mr. Henry De Ruiter President and
CEO Toll Free: 1-800-284-6338 Email: rwp@rwpackaging.com Website:
www.rwpackaging.com
RW Packaging Ltd (TSXV:RWP)
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