Commercial Consolidators Corp. Secures $2,000,000 Financing With Forum Interamerican Corporation.Business Editor TORONTO--(BUSINESS WIRE)--Sept. 14, 2000 Commercial Consolidators Corp.(CDNX CDNX See Canadian Venture Exchange (CDNX). :CCZ CCZ Cyber Condition Zebra (Washington Naval Yard) CCZ Command and Control Zone CCZ Carlet-Charpin-Zinoviev (Equivalence Relation of Functions) .)(FRANKFURT:CJ9), has finalized terms for a $2,000,000 loan facility from Forum Interamerican Corporation of Panama. FORUM operates a diversified group of hospitality and telecommunication interests in Guatemala and throughout Central America Central America, narrow, southernmost region (c.202,200 sq mi/523,698 sq km) of North America, linked to South America at Colombia. It separates the Caribbean from the Pacific. . The FORUM relationship will also enable the Company to accelerate the expansion of its distribution network throughout Latin America, as well as providing an additional customer base for its hospitality software subsidiaries, La Societe Desig Inc. and Central Point Technologies Inc. This additional loan facility will allow the Company to take advantage of the significant opportunities for growth in its core business sectors in Cuba and Latin America. The Company is a leading assembler and distributor of consumer electronics, business equipment and technologies in these regions. The loan facility due and payable on or before March 14th, 2001, shall bear interest at 20% per annum Per annum Yearly. , payable monthly and is repayable at any time by the Company at its sole discretion. As additional consideration for the loan, the Company is also granting 33,333 warrants at a price of $4.25 per share, exercisable for a period of two years. Issuance of the warrants is subject to final approval of the Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) . On behalf of the Board of Directors Guy Jarvis, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. The Canadian Venture Exchange has neither approved nor disapproved the information contained herein |
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