| Home : March 2012 : March 20, 2012 News : Merus Labs International Inc. Announces Approval of $8.3 Million Debt Facility |
Merus Labs International Inc. Announces Approval of $8.3 Million Debt Facility |
March 20, 2012
TORONTO, ONTARIO--(Marketwire - March 19, 2012) - Merus Labs International Inc. ("Merus" or the "Company") (TSX:MSL)(NASDAQ:MSLI) is pleased to announce that it has been approved for an $8.3 million debt facility with Royal Bank of Canada through their Life Sciences Group. It is anticipated that the funds will be used to finance future product acquisitions. The board of directors and management of Merus view this debt facility as another step toward enhancing the capital base of the Company and facilitating execution of the growth strategy.
http://www.marketwire.com/mw/release.do?id=1633405&sourceType=3
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