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Crowflight Arranged Debt Facility |
May 30, 2011
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 30, 2011) - CROWFLIGHT MINERALS INC. (TSX:CML) ("Crowflight" or the "Company") announces that it has arranged one year term debt facility of up to US$5,000,000 (the "Loan") with Hebei Wenfeng Industrial Group Limited ("Hebei Wenfeng"). The Loan may be drawn down in the option of the Company and bears interest rate at 10% per annum. The Company will also pay 2% of any funds drawn down under the Loan as structuring fee to Hebei Wenfeng. The proceeds from Loan will be used for general working capital.
http://www.marketwire.com/mw/release.do?id=1520269&sourceType=3
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