Canmark International Resources Inc. Announces Financing.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--June 20, 2002 Christopher Lee
Christopher Frank Carandini Lee, CBE (born May 27, 1922) is an English actor known for his professional longevity and his distinctive basso delivery. , president of Canmark International Resources Inc. ("Canmark")(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CNM CNM Certified Nurse-Midwife; see nurse-midwife. CNM abbr. Certified Nurse Midwife ) reports that the Company has been able to renegotiate re·ne·go·ti·ate tr.v. re·ne·go·ti·at·ed, re·ne·go·ti·at·ing, re·ne·go·ti·ates 1. To negotiate anew. 2. To revise the terms of (a contract) so as to limit or regain excess profits gained by the contractor. a non-brokered financing agreement with third parties as follows: A stand-by Convertible Loan for working capital purposes upon identifying a specific project and subject to the approval of the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . The total loan amount is C$1,500,000 convertible into common shares of Canmark at a price of $0.10 per share up to June 30, 2003. Any outstanding principal balance that has not been converted is repayable by June 30, 2004 at an interest rate of 10% p.a. This financing is subject to the approval of the TSX Venture Exchange. On behalf of the Board of Directors of Canmark International Resources Inc. Christopher R. Lee President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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