Humboldt Flour Mills Inc. Announces Working Ventures Agrees To Debt Financing.HUMBOLDT, SASKATCHEWAN--(BUSINESS WIRE)--April 24, 1997-- Humboldt (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). HFM HFM Hauptfeuerwehrmann (Austria, serve-struggled of fire-brigade) HFM Hemifacial Microsomia HFM Health Facilities Management (journal) HFM Human Factors and Medicine HFM Hemophilia Foundation of Michigan .) Humboldt Flour Mills Inc./("HFM") announces that Working Ventures Canadian Fund Inc. ("W V") has agreed to provide HFM with $2,000,000.00 of subordinated debt Subordinated Debt A loan (or security) that ranks below other loans (or securities) with regard to claims on assets or earnings. Also known as "junior security" or "subordinated loan". financing. HFM has agreed to provide debenture security as well as 100,000 warrants which are to have a term of two years. W V is the largest National Labour Sponsored Investment Fund in Canada and is a significant shareholder of HFM. HFM is one of the top exporters of Canadian mustard seed mustard seed kingdom of Heaven thus likened; for phenomenal development. [N.T.: Matthew 13:31–32] See : Growth , canary seed Noun 1. canary seed - a mixture of seeds used to feed caged birds bird feed, bird food, birdseed - food given to birds; usually mixed seeds and pulse crops such as peas and lentils. Its head office is situated in Humboldt, Saskatchewan and it also serves its customers from a sales office in Winnipeg, Manitoba. -0- The Alberta Stock Exchange has neither approved nor disapproved the text of this release. CONTACT: Humboldt Flour Mills Inc. John Cales, 306/ 682-2577 Darryn Knibbs, 306/ 244-4945 humboldt.flour.mills@sk.sympatico.ca |
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