| Home : April 2011 : April 12, 2011 News : Phonetime Extends its $2.5 Million Maturing Senior Debt Facility Through August 30, 2011 While it Negotiates a New Senior Lending Facility |
Phonetime Extends its $2.5 Million Maturing Senior Debt Facility Through August 30, 2011 While it Negotiates a New Senior Lending Facility |
April 12, 2011
AJAX, ONTARIO--(Marketwire - April 12, 2011) - Phonetime Inc. (TSX:PHD) (the "Company") announced that it has agreed with its senior lender to extend its $2.5 million banking facility through August 30, 2011. This interim agreement has been put in place to allow the Company a period of time to negotiate a new long term facility. The Company's existing facility was previously scheduled to mature on April 30, 2011.
http://www.marketwire.com/mw/release.do?id=1426626&sourceType=3
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