CEMATRIX Announces Amendments to Non-Arm's Length Party Loans
(firmenpresse) - CALGARY, ALBERTA -- (Marketwired) -- 10/14/14 -- CEMATRIX Corporation (TSX VENTURE: CVX) (the "Corporation") announces that an agreement has been reached to amend the terms of loan agreements (the "Loan Agreements") with certain members of management, Jeffrey Kendrick, Craig Hannah and Steve Bent. The Loan Agreements have been previously disclosed in the Corporation's Management Information Circulars, with the most recent disclosure contained in the Management Information Circular dated May 7, 2014. The amendments to the Loan Agreements introduce annual repayment terms for the loans such that the loans will be fully repaid on December 31, 2019.
CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
Contacts:
CEMATRIX Corporation
Jeff Kendrick
President and Chief Executive Officer
(403) 219-0484
Investor Relations
Jeff Walker, The Howard Group
(888) 221-0915 or (403) 221-0915
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Datum: 14.10.2014 - 13:25 Uhr
Sprache: Deutsch
News-ID 343832
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contact information:
Town:
CALGARY, ALBERTA
Kategorie:
Equipment
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