| Home : May 2012 : May 18, 2012 News : Matrix Asset Management Inc. Announces Term Loan Agreement |
Matrix Asset Management Inc. Announces Term Loan Agreement |
May 18, 2012
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 18, 2012) - Matrix Asset Management Inc. (the "Company" or "Matrix") (TSX:MTA) today announced that GrowthWorks WV Management Ltd. ("GWWV"), one of the companies in the Matrix group of companies, has entered into a loan agreement dated May 18, 2012 with an arm's length private company (the "Lender") providing for a term loan in the amount of $4,000,000 (the "Loan").
David Levi, President and CEO of Matrix said, "We consider this loan to be a favorable financing arrangement which will provide flexibility to Matrix in the medium term to assist Matrix in meeting its corporate objectives."
http://www.marketwire.com/mw/release.do?id=1659334&sourceType=3
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